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Companies news of 2009-09-08 (page 1)

  • RadioShack Corporation Presenting at the Goldman Sachs Annual Global Retailing Conference
  • SuccessFactors Appoints Vicki Bernholz Chief People Officer
  • Flow International Announces Fiscal 2010 First Quarter Results
  • Kidz-Med Inc. Receives Follow-Up Purchase Order Leading to Highest Revenue Week at...
  • Scientific Games Awarded Contract in Baden-Wurttemberg, Germany5-Year Agreement to Supply...
  • Mercury Computer Systems Names Former Recon Optical CEO, J. Michael Johnson, as Interim...
  • Universal Technical Institute to Present at the 2009 BMO Capital Markets Back to School...
  • Mitcham Industries Reports Fiscal 2010 Second Quarter Results- Excluding special items,...
  • ONEOK Partners to Participate in National Association of Publicly Traded Partnerships...
  • VIVUS to Host Conference Call and Webcast Discussion of Qnexa Phase 3 Results
  • PMC Commercial Trust Announces Third Quarter Dividend of $0.16 Per Share
  • EcoBlu Products, Inc. Coating Lumber for Universal Forest Products
  • PrimeGen Energy - Initial Production at Timan-Pechora Kochmesskoye No. 4 Well Averages...
  • Trubion Pharmaceuticals, Inc. to Present at the Morgan Stanley Global Healthcare...
  • Cognizant CEO To Join Presentation at Investor ConferenceDemand Environment Remains...
  • GENova appoints Dr. Anders Boegh Jensen to Scientific Advisory Board
  • LongHorn Steakhouse Brings the Spirit of the West to WisconsinNew Restaurant to Bring...
  • WellPoint Announces Appearance at Upcoming Conference
  • FirstMerit Corporation to Present at Barclays Capital Financial Services Conference
  • Allscripts to Announce Fiscal First Quarter Results on September 29, 2009; Company...
  • 81 Million Americans Visited a Government Web Site in JulyHeated Healthcare Debate Drives...
  • Lights, Camera, Fashion: QVC Returns to Bryant Park for Its Largest Display at...
  • IBM and Michigan State University Open Delivery CenterIBM Supports Creation of State...
  • MotorWeek TV and Cars.com Feature Fuel Economy Face-OffPrius, Insight, Fusion, Jetta TDI,...
  • Valley National Bancorp's Gerald H. Lipkin To Speak At Rodman & Renshaw Annual Global...
  • Johnson & Johnson to Participate in Morgan Stanley Global Healthcare Unplugged Conference
  • China Sky One Medical, Inc. Exports Pain Relief Patch to Canada
  • Alliant Energy Releases Annual Environmental ReportStrategic plan continues to balance...
  • USA TODAY Wine Club Launched



    RadioShack Corporation Presenting at the Goldman Sachs Annual Global Retailing Conference

    FORT WORTH, Texas, Sept. 8 /PRNewswire-FirstCall/ -- RadioShack Corporation announced today that the Company will be presenting at the 2009 Goldman Sachs Sixteenth Annual Global Retailing Conference to be held in New York on Sept. 9-10, 2009.

    Julian Day, RadioShack Corporation's chairman and chief executive officer, is scheduled to present on Thursday, Sept. 10, 2009, at 3 p.m. EDT. A live broadcast of the presentation will be available online in the Investor Relations section of the Company's website at http://www.radioshackcorporation.com/. A replay of this presentation will be available at http://www.radioshackcorporation.com/.

    About RadioShack Corporation

    RadioShack Corporation , headquartered in Fort Worth, Texas, is one of the nation's most experienced and trusted consumer electronics specialty retailers, offering innovative products and services from leading brands. Our knowledgeable, helpful sales associates are committed to enhancing the in-store shopping experience by listening to our customers, offering advice, and partnering with them to find the best technology solutions that fit their needs. Operating from convenient and accessible neighborhood and mall locations, the company has approximately 4,450 company-operated stores; almost 1,400 dealer outlets; nearly 600 wireless phone kiosks throughout the U.S.; and approximately 200 company-operated stores in Mexico. For more information on RadioShack Corporation, or to purchase items online, visit http://www.radioshack.com/.

    Forward-Looking Statements

    This press release contains "forward-looking statements," as referenced in the Private Securities Litigation Reform Act of 1995 ("the Act"), and those statements are intended to be subject to the protection of the safe harbor for forward looking statements in the Act. These forward-looking statements reflect management's current views and projections regarding future economic conditions, retail industry environments and company performance. Certain important factors could cause actual results to differ materially from those in the forward looking statements. These factors include, but are not limited to, sales performance, economic conditions, unemployment rates, product demand, consumer spending, expense levels, availability and cost of capital, legal and regulatory changes, competitive activity, interest rates, the value of the U.S. dollar and other currencies, pandemics, acts of terrorism, war, changes in the company's financial condition, availability of products, theft, transmission or unauthorized disclosure of customer, employee or company information, and other risks associated with the company's vendors and service providers, the regulatory environment and factors affecting the retail category in general. Additional information regarding these and other factors is described in the company's filings with the SEC, including its most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and its Current Report on Form 8-K filed on August 11, 2008.

    Photo: http://www.newscom.com/cgi-bin/prnh/20000518/DATH047LOGO
    http://photoarchive.ap.org/
    PRN Photo Desk photodesk@prnewswire.com RadioShack Corporation

    CONTACT: Investors, Martin O. Moad, Vice President and Controller,
    +1-817-415-2383, Investor.Relations@RadioShack.com, or Media, Wendy Dominguez,
    RadioShack Media Relations, +1-817-415-3300, Media.Relations@RadioShack.com,
    both of RadioShack Corporation

    Web Site: http://www.radioshackcorporation.com/




    SuccessFactors Appoints Vicki Bernholz Chief People Officer

    SAN MATEO, Calif., Sept. 8 /PRNewswire-FirstCall/ -- Today, SuccessFactors announced Vicki Bernholz is joining SuccessFactors from Gap Inc. where she was Vice President Human Resource Operations and managed human resources tools and processes for over 100,000 employees in 3,000+ retail stores worldwide.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20090602/SF26086LOGO)

    With more than twenty years of human resources experience, Bernholz has experienced strong growth from the front lines when she held business and human resources positions at the early stages of Blockbuster Video, Boston Market, Wild Oats Markets and Waldo's Dollar Mart de Mexico (Mexico's largest dollar store chain). While at Gap, Bernholz leveraged her background as an MBA and CPA and led several large scale projects for all stores to manage employee satisfaction, define career paths and build bench, all while improving operational efficiency, one of which resulted in over $50 million in savings.

    "We as an executive and Board team are convinced that we've found the ideal person for this dream role, as we go from 5 million users to 50 million users globally. With her experience running human resources operations for 100,000 employees in retail - arguably the toughest industry in the world - and intimately knowing, deploying and using our solutions as well as our competitors' to the fullest, and in one of the biggest deployments, Vicki has the grit, ability, ambition, tenacity and personality to do an outstanding job at SuccessFactors. We're excited to have her on board and very much welcome her to the team," said Lars Dalgaard, CEO of SuccessFactors. "She will have great impact not only on our own organization and help us drive stable growth, but also positively influence our roadmap and customers. The most exciting part of hiring Vicki, including the best of many personal references done, was hearing the unanimous excitement and support from SuccessFactors' front-line team in the field with Gap that have worked with her there successfully."

    "SuccessFactors' solutions really focus on solving problems of vital importance to companies today - getting the business leaders and the HR community together to think more strategically about their people and operations - to bridge the gap between strategy and execution," said Bernholz. "From my personal experience working with the SuccessFactors team as a client, especially with folks on the front-line, every person I've met here has been truly world-class and intensely customer focused. The company has tremendous energy and a culture that promotes teamwork, creativity and excellence. I'm very much looking forward to leading our people and culture to the next level."

    About SuccessFactors, Inc.

    SuccessFactors is one of the fastest growing public software companies and the leading provider of on-demand employee performance and talent management solutions. The company enables organizations of every size, and across every industry and geography, to achieve high-performing workforces through goal alignment and execution, talent development and planning, and pay-for-performance initiatives. From 92 customers and approximately 282,000 end users in 2003 to more than 2,850 customers and more than 5.4 million end users today, SuccessFactors' solutions are widely deployed across 60 industries in over 185 countries in 31 languages. Founded in 2001 with offices around the world, the company employs passionate people focused on revolutionizing the future of work. For more information, visit: http://www.successfactors.com/.

    Contacts: SuccessFactors Dominic Paschel, 415-262-4641 Director of Public & Investor Relations dpaschel@successfactors.com

    Photo: http://www.newscom.com/cgi-bin/prnh/20090602/SF26086LOGO
    http://photoarchive.ap.org/
    photodesk@prnewswire.com SuccessFactors, Inc.

    CONTACT: Dominic Paschel, Director of Public & Investor Relations of
    SuccessFactors, Inc., +1-415-262-4641, dpaschel@successfactors.com

    Web Site: http://www.successfactors.com/




    Flow International Announces Fiscal 2010 First Quarter Results

    KENT, Wash., Sept. 8 /PRNewswire-FirstCall/ -- Flow International Corporation , the world's leading developer and manufacturer of industrial waterjet machines for cutting and cleaning applications, today reported results for its fiscal 2010 first quarter ended July 31, 2009.

    For the quarter, Flow reported consolidated revenues of $37.8 million, which compares to $43.7 million in the fourth quarter of fiscal year 2009 and $57.1 million in the year-ago quarter. The Company reported a net loss of $8.5 million or a $0.23 loss per share as compared to net income of $1.6 million or $0.04 per share in the prior year quarter. The net loss for the quarter just ended includes a total of $6.0 million in pre-tax charges, consisting of a net charge of $3.2 million related to the termination of the OMAX transaction, $1.6 million for severance and other related charges associated with its cost reduction efforts, and approximately $1.2 million for a reserve related to a business sold in October 2005 that was classified as a discontinued operation. Excluding those charges and the related tax effects, the net loss would have been $2.7 million or $0.07 loss per share in the current quarter.

    "Two-thirds of our revenue stream continues to be either stable or growing. The remaining one-third continues to be unpredictable but we are encouraged by the interest level in our products that customers are expressing," said Charley Brown, President and CEO of Flow. "The pace of recovery remains slow in certain markets, but we have made many cost reductions this year that we expect to positively impact our results throughout fiscal 2010. These reductions, combined with our recent capital raise and the amendments to our bank covenants, position us well to exit this recession as a stronger company. We appreciate the active engagement of our secured lenders and the support of our shareholders as we position the Company for a return to economic growth."

    Operations Review For the fiscal 2010 first quarter: -- Standard Segment sales, which include sales of systems that do not require significant custom configuration, as well as parts and services for those installed systems, were $28.4 million in the quarter, a decrease of 13% from the fourth quarter of fiscal year 2009 and a decrease of 46% from the prior-year quarter. Operating loss from the Standard Segment totaled $2.6 million in the quarter, which includes severance and related costs of $1.3 million. Excluding those charges, operating loss from the Standard Segment totaled $1.3 million as compared to operating income of $10.4 million in the prior-year quarter. -- Advanced Segment sales, which include sales of complex aerospace and automation systems requiring specific custom configuration and advanced features, as well as parts and services for those installed systems, were $9.4 million in the quarter, a decrease of 16% from the fourth quarter of fiscal year 2009 and an increase of 118% from the prior-year quarter. Operating income from the Advanced Segment was $1.8 million in the quarter as compared to an operating loss of $1.1 million in the prior-year quarter, after excluding $1.4 million of severance and related charges in that prior period. The Advanced Segment backlog at the end of the quarter was $32.6 million. -- Total overall operating expenses in the quarter were $21.6 million, which includes the $4.8 million in pre-tax charges related to the termination of the OMAX transaction and cost reduction efforts. Excluding those charges, operating expenses were $16.7 million, compared to $20.9 million in the prior-year quarter, after excluding restructuring and other costs of $1.4 million in that prior period. Conference Call

    Flow plans to hold a conference call to discuss these results today: Tuesday, September 8th at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time). The conference call may be heard by dialing 1-877-941-1427 or 1-480-629-9664. A 48-hour replay will be available following the call by dialing 1-800-406-7325 or 1-303-590-3030; the replay passcode is 4154387. A live audio Webcast of the conference call may be found in the investor section at http://www.flowcorp.com/. A Webcast replay of the call will also be available for two weeks.

    About Flow International

    Flow International Corporation is the world's leading developer and manufacturer of ultrahigh-pressure waterjet cutting technology to industries including automotive, aerospace, job shop, surface preparation, and more. For more information, visit http://www.flowcorp.com/.

    This press release contains forward-looking statements relating to future events or future financial performance that involve risks and uncertainties. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements but their absence does not mean that the statement is not forward-looking. These statements are only predictions and actual results could differ materially from those anticipated in these statements based on a number of risk factors, including those set forth in the Company's filings with the Securities and Exchange Commission. Forward- looking statements in this press release include, without limitation, statements regarding the future effect of cost reductions and the anticipated strength of the Company when the recession ends. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this announcement.

    Contact: Flow Investor Relations Geoffrey Buscher 253-813-3286 investors@flowcorp.com Flow International Corporation Consolidated Statements of Operations (Unaudited) US Dollars in thousands, except per share data Three months ended July 31, 2009 2008 % Change ---- ---- -------- Sales $37,752 $57,065 -34% Cost of Sales 23,776 30,934 -23% ------ ------ Gross Margin 13,976 26,131 -47% ------ ------ Operating Expenses: Sales and Marketing 7,916 10,098 -22% Research and Engineering 1,697 2,250 -25% General and Administrative 7,122 8,590 -17% Restructuring and Other Operating Charges 4,823 1,436 NM ----- ----- Operating Expenses 21,558 22,374 -4% ------ ------ Operating Income (Loss) (7,582) 3,757 NM Interest Income (Expense), net (924) 49 NM Other Income, net 502 391 28% --- --- Income (Loss) before taxes (8,004) 4,197 NM Income Tax Benefit (Provision) 606 (2,664) NM --- ------ Income (Loss) from Continuing Operations (7,398) 1,533 NM Discontinued Operations, net of tax (1,148) 70 NM ------ -- Net Income (Loss) $(8,546) $1,603 NM ======= ====== Per share amounts: Basic Income (Loss) from Continuing Operations $(0.20) $0.04 NM Basic Net Income (Loss) $(0.23) $0.04 NM Diluted Income (Loss) from Continuing Operations $(0.20) $0.04 NM Diluted Net Income (Loss) $(0.23) $0.04 NM Weighted Average Shares Outstanding (000): Basic 37,748 37,591 Diluted 37,748 38,101 NM = not meaningful Flow International Corporation Consolidated Balance Sheets (Unaudited) US Dollars in thousands July 31, April 30, 2009 2009 % Change ---- ---- -------- ASSETS: Current Assets: Cash $6,761 $10,117 -33% Receivables, net 31,116 32,103 -3% Inventories 20,271 21,480 -6% Other Current Assets 13,643 31,543 -57% ------ ------ Total Current Assets 71,791 95,243 Property and Equipment, net 22,266 22,983 -3% Other Long-Term Assets 34,250 26,734 28% ------ ------ $128,307 $144,960 ======== ======== LIABILITIES AND SHAREHOLDERS' EQUITY: Current Liabilities: Notes Payable $16,589 $15,226 9% Current Portion of Long-Term Obligations 648 1,367 -53% Accounts Payable and Other Accrued Liabilities 20,194 17,897 13% Other Current Liabilities 20,762 17,830 16% Reserve for Patent Litigation - 15,000 NM --- ------ Total Current Liabilities 58,193 67,320 Other Long-Term Liabilities 7,710 8,929 -14% Subordinated Notes 7,433 6,000 24% ----- ----- Total Other Long-Term Liabilities 73,336 82,249 ------ ------ Shareholders' Equity 54,971 62,711 -12% ------ ------ $128,307 $144,960 ======== ======== Flow International Corporation Supplemental Data (Unaudited) US Dollars in thousands Three months ended July 31, 2009 2008 % Change ---- ---- -------- Sales Breakdown: Systems $24,403 $39,088 -38% Consumable Parts 13,349 17,977 -26% ------ ------ Total $37,752 $57,065 -34% ======= ======= Segment Revenue Breakdown: Standard $28,367 $52,754 -46% Advanced 9,385 4,311 118% ----- ----- $37,752 $57,065 -34% ======= ======= Segment Operating Income (Loss) Breakdown: Standard $(2,552) $10,433 NM Advanced 1,791 (2,468) NM All Other* (6,547) (4,225) -55% Intersegment Eliminations (274) 17 NM ---- -- $(7,582) $3,757 NM ======= ====== * Includes corporate overhead expenses as well as general and administrative expenses of inactive subsidiaries that do not constitute segments. Depreciation and Amortization Expense $1,232 $1,050 17% Capital Spending $4,472 $1,300 244% Flow International Corporation Reconciliation of GAAP to Proforma (Unaudited) US Dollars in thousands, except per share data Three months ended July 31, 2009 2008 ---- ---- GAAP Income (Loss) from Continuing Operations $(7,398) $1,533 Adjustments: OMAX Termination Charge 3,219 - Restructuring and Other Operating Charges 1,604 1,436 Write-off of Deferred Debt Issuance Costs 253 - Inventory Write-Off - 108 Tax Effect of Adjustments (384) - ------- ------ Proforma Income (Loss) from Continuing Operations $(2,707) $3,077 ------- ------ GAAP Net Income (Loss) $(8,546) $1,603 Adjustments: OMAX Termination Charge 3,219 - Restructuring and Other Operating Charges 1,604 1,436 Write-off of Deferred Debt Issuance Costs 253 - Inventory Write-Off - 108 Discontinued Operations 1,148 70 Tax Effect of Adjustments (384) - ------- ------ Proforma Net Income (Loss) $(2,707) $3,217 ------- ------ Per Share Amounts GAAP Basic and Diluted Income (Loss) Per Share Income (Loss) from Continuing Operations $(0.20) $0.04 Net Income (Loss) $(0.23) $0.04 Proforma Basic and Diluted Income (Loss) per Share Income (Loss) from Continuing Operations $(0.07) $0.08 Net Income (Loss) $(0.07) $0.08

    Flow International Corporation

    CONTACT: Geoffrey Buscher of Flow Investor Relations, +1-253-813-3286,
    investors@flowcorp.com

    Web Site: http://www.flowcorp.com/




    Kidz-Med Inc. Receives Follow-Up Purchase Order Leading to Highest Revenue Week at Beginning of Cold and Flu SeasonKidz-Med Thermofocus 5-in-1 Used for Emergency Preparedness

    WESTON, Fla., Sept. 8 /PRNewswire-FirstCall/ -- Kidz-Med Inc., a subsidiary of American Scientific Resources, Inc. (Pink Sheets: ASFX) today announced the receipt of a follow-up purchase order of equal significance from the same non-profit group that recently ordered and closed a large purchase of Kidz-Med's Thermofocus 5-in-1 thermometers, leading to the highest revenue week in the Company's history.

    Dr. Christopher F. Tirotta, American Scientific Resource's CEO, says, "We are delighted to see a follow up purchase order from this new vendor. We see this also as evidence of the challenges of the current healthcare climate, and that proactive action is the best course."

    The Company has experienced increased inquiries about the Kidz-Med Thermofocus since as early as May of this year. ASR surpassed a previously reported historical achievement of receiving $30,000 in online revenue within a month and a half, attributing the success to PR, social media and SEO/SEM tactics which enabled people to find them as a go-to resource. The Company attributes the first week of September's success to the same efforts.

    Dr. Tirotta continues, "Martin Tsai, President of the Taiwan Center of Flushing, New York, is a leader in the non-profit world, as he will be giving this vast amount of thermometers to help Taiwanese citizens in the event of an emergency. The public is listening to their government agencies by having the necessary solutions available in the event of a crisis."

    The Kidz-Med Thermofocus, which was used by medical personnel in Asia during the SARS epidemic (See BBC article: http://news.bbc.co.uk/2/hi/business/2986469.stm) and is an ideal instrument to use to diagnose fevers associated with the flu since it has absolutely no contact with the skin, making for a completely hygienic and non-invasive experience; a reading is taken in a second and the thermometer is clinically proven to be accurate and safe.

    Kidz-Med has been dually fulfilling their mission of providing individuals and their families with options to make their lives safer and healthier by becoming the exclusive seller of the world's only FDA Approved Home Needle Destruction Device, which will enable specialty injection drug users to properly and safely dispose of their used needles at home.

    About Kidz-Med, Inc.

    A division of American Scientific Resources, Inc., Kidz-Med, Inc., was founded in 1993 by Dr. Christopher F. Tirotta to create children's pre-operative educational videos "A Hospital Trip With Dr. Bip" and "Dr. Bip's New Baby Tips". Today, Kidz-Med, Inc. is leading the pediatric and children's health and safety products industry in innovation by providing the most revolutionary patented family-friendly products sourced from around the globe to help keep children safe and parents reassured. For additional information, visit http://www.kidzmed.com/ or, http://www.americansci.com/.

    Safe Harbor

    This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

    Contact AudioStocks.com Ronald Garner Investor Hotline: 619-293-0621 ron@bcgu.com

    Kidz-Med Inc.

    CONTACT: Ronald Garner, AudioStocks.com, Investor Hotline,
    +1-619-293-0621, ron@bcgu.com

    Web Site: http://www.kidzmed.com/




    Scientific Games Awarded Contract in Baden-Wurttemberg, Germany5-Year Agreement to Supply Instant Ticket Cooperative Services

    NEW YORK, Sept. 8 /PRNewswire-FirstCall/ -- Scientific Games announced that it has been awarded a contract with the Staatliche Toto-Lotto GmbH Baden-Wurttemberg in Germany to supply instant tickets and cooperative services. The contract began August 2009, has an initial term of five years and includes additional one-year contract extension options. Scientific Games will be the exclusive supplier of instant tickets for Baden-Wurttemberg and will be consulting on marketing support, game design and production matters. Baden-Wurttemberg has a population of 10.7 million people, which represents the largest cooperative services contract in Germany. Revenues to Scientific Games will be based on a percentage of instant ticket retail sales.

    "We are extremely pleased to partner with the Staatliche Toto-Lotto GmbH Baden-Wurttemberg. Baden-Wurttemberg is the largest cooperative services contract we have won in Germany, which is strong affirmation for the potential of our products and services in the German market," said Joe Wright, CEO of Scientific Games. "This is also further proof that partnership is a promising model for the future of German lotteries."

    "We are looking forward to working together with Scientific Games to further develop the success of instant tickets by improving our products and service quality," said Dr. Friedhelm Repnik, Managing Director of the Staatliche Toto-Lotto GmbH Baden-Wurttemberg. "We have witnessed Scientific Games' success in Germany and other European countries and we hope to see the same in Baden-Wurttemberg."

    In 2008, the Staatliche Toto-Lotto GmbH Baden-Wurttemberg generated approximately $1.2 billion in lottery retail sales.

    About Scientific Games

    Scientific Games Corporation is a leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of server based gaming machines and systems, Amusement and Skill with Prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games' customers are in the United States and more than 60 other countries. For more information about Scientific Games, please visit our web site at http://www.scientificgames.com/.

    Company Contact Investor Relations Scientific Games 212-754-2233 Forward-Looking Statements

    Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as "may," "will," "estimate," "intend," "continue," "believe," "expect," "anticipate," "could," "potential," "opportunity," or similar terminology. These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of future results or performance. Actual results may differ materially from those projected in these statements due to a variety of risks and uncertainties and other factors, including, among other things: competition; material adverse changes in economic and industry conditions in our markets; recent changes to certain contracts; technological change; retention and renewal of existing contracts and entry into new contracts; availability and adequacy of cash f to satisfy obligations and indebtedness of future needs; protection of intellectual property; security and integrity of software and systems; laws and government regulation, including those relating to gaming licenses, permits and operations; inability to identify, complete and integrate future acquisitions; seasonality; ability to enhance and develop successful gaming concepts; influence of certain stockholders; dependence on suppliers and manufacturers; liability for product defects; factors associated with foreign operations; dependence on key personnel; failure to perform on contracts; resolution of pending or future litigation; labor matters; and stock price volatility. Additional information regarding risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated in forward-looking statements is set forth from time to time in our filings with the SEC, including under the heading "Risk Factors" in our Current Report on Form 8-K filed on May 18, 2009 and in our most recent Quarterly Report on Form 10-Q. Forward-looking statements speak only as of the date they are made, and except for our ongoing obligations under the U.S. federal securities laws, we undertake no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

    Scientific Games

    CONTACT: Investor Relations, Aimee Remey, Scientific Games,
    +1-212-754-2233

    Web Site: http://www.scientificgames.com/




    Mercury Computer Systems Names Former Recon Optical CEO, J. Michael Johnson, as Interim President of Mercury Federal Systems

    Mercury Computer Systems, Inc. (http://www.mc.com/), a leading provider of embedded computing systems and software for image, sensor, and signal processing applications, today announced the appointment of Rear Admiral (retired) J. Michael Johnson, the former President and CEO of Recon Optical, Inc., as interim president of its subsidiary, Mercury Federal Systems, Inc. (MFS). Mr. Johnson, a current member of the MFS Board of Directors, will assume the role of President on an interim basis as Mercury searches for a replacement for outgoing MFS President, Terry Ryan, who separately today announced his plans to join ManTech International Corporation.

    Mr. Johnson will report to Mercury Computer Systems President and CEO, Mark Aslett, and will continue to build the Company's presence in the U.S. defense electronics market. MFS provides system architecture consultation, design, analysis, integration, and software engineering services that enable clients to deploy edge computational capabilities on an accelerated time cycle. MFS specializes in rapidly deploying commercial-item and open-system solutions for C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance) and homeland security applications. In Fiscal Year 2009, MFS posted revenues of $5.7 million and bookings of $11.9 million.

    "We are very fortunate to have someone with Mike's military and business leadership experience available to step in and run our growing federal business," said Mark Aslett, President and CEO, Mercury Computer Systems. "We appreciate Terry's efforts and achievements in building MFS over these past few years and wish him well in his new role. With Mike's involvement on the MFS Board, he is up to speed on our strategies and plans to grow the business, and as a result, we can ensure a seamless transition as we seek a new leader to build on our presence in the federal marketplace."

    Mr. Johnson retired from the U.S. Navy in September 2001 as a two-star Rear Admiral, after serving for 33 years. As a highly decorated combat veteran, Mr. Johnson flew almost every tactical aircraft in the Navy, and was intimately involved in all aspects of intelligence, reconnaissance, and surveillance. In 2008, he retired from his position as President and CEO of Recon Optical, Inc., the world's oldest continuously operating aerial reconnaissance company, which he led for seven years. In addition to his work as an MFS Director, Mr. Johnson is also currently a member of the Board of Directors of the Greater Jacksonville USO Council, the Board of Advisors of QuickSet International, a Moog subsidiary, and the World Affairs Council. Mr. Johnson earned a B.A. degree from the College of William and Mary, and is a graduate of the Armed Forces Staff College.

    Mercury Computer Systems, Inc. - Where Challenges Drive Innovation(TM)

    Mercury Computer Systems (http://www.mc.com/, NASDAQ: MRCY) provides embedded computing systems and software that combine image, signal, and sensor processing with information management for data-intensive applications. With deep expertise in optimizing algorithms and software and in leveraging industry-standard technologies, we work closely with customers to architect comprehensive, purpose-built solutions that capture, process, and present data for defense electronics, homeland security, and other computationally challenging commercial markets. Our dedication to performance excellence and collaborative innovation continues a 25-year history in enabling customers to gain the competitive advantage they need to stay at the forefront of the markets they serve.

    Mercury is based in Chelmsford, Massachusetts, and serves customers worldwide through a broad network of direct sales offices, subsidiaries, and distributors.

    Forward-Looking Safe Harbor Statement

    This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the transition in leadership at the Company's Mercury Federal Systems, Inc. subsidiary. You can identify these statements by our use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, general economic and business conditions, including unforeseen weakness in the Company's markets, effects of continued geo-political unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, continued funding of defense programs, the timing of such funding, changes in the U.S. Government's interpretation of federal procurement rules and regulations, market acceptance of the Company's products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions or dispositions or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, and difficulties in retaining key customers. These risks and uncertainties also include such additional risk factors as are discussed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2009. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

    Contact: Robert Hult, CFO, Mercury Computer Systems, Inc. 978-967-1990

    Challenges Drive Innovation is a trademark of Mercury Computer Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.

    Photo: http://www.newscom.com/cgi-bin/prnh/20081013/NEM013LOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk photodesk@prnewswire.com Mercury Computer Systems, Inc.

    CONTACT: Robert Hult, CFO, Mercury Computer Systems, Inc.,
    +1-978-967-1990

    Web Site: http://www.mc.com/




    Universal Technical Institute to Present at the 2009 BMO Capital Markets Back to School Education Conference

    PHOENIX, Sept. 8 /PRNewswire-FirstCall/ -- Universal Technical Institute, Inc. will be presenting at the 2009 BMO Capital Markets Back to School Education Conference at the Sheraton New York & Towers in New York, NY on Thursday, September 17, 2009, at 1:15 p.m. Eastern time. Kim McWaters, President and Chief Executive Officer and Eugene Putnam, Executive Vice President and Chief Financial Officer will be presenting. A webcast of the presentation will be posted on the UTI investor relations website at http://uti.investorroom.com/. An audio recording of the presentation will be archived and available following the event.

    About Universal Technical Institute

    Universal Technical Institute is the leading provider of technical education training for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate enrollment. The Company offers undergraduate degree, diploma and certificate programs at 10 campuses across the United States, and manufacturer specific training programs that are sponsored by the manufacturer or dealer at dedicated training centers. Through its campus-based school system, Universal Technical Institute offers specialized technical education programs under the banner of several well-known brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI) and NASCAR Technical Institute (NTI). We routinely post important information about us on our investor relations website at http://uti.investorroom.com/.

    Safe Harbor Statement

    All statements contained herein, other than statements of historical fact, could be deemed "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based upon management's current expectations and are subject to a number of uncertainties that could cause actual performance and results to differ materially from the results discussed in the forward-looking statements. Factors that could affect the Company's actual results include, among other things, changes to federal and state educational funding, possible failure or inability to obtain regulatory consents and certifications for new or expanding campuses, potential increased competition, changes in demand for the programs offered by the Company, increased investment in management and capital resources, the effectiveness of the Company's recruiting, advertising and promotional efforts, changes to interest rates and unemployment, general economic conditions and other risks that are described from time to time in the public filings of the Company. Further information on these and other potential factors that could affect the Company's financial results or condition may be found in the Company's filings with the Securities and Exchange Commission. The forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to publicly update any forward-looking statements whether as a result of new information, future events, changes in expectations, any changes in events, conditions or circumstances, or otherwise.

    Universal Technical Institute, Inc.

    CONTACT: Jenny Bruso, Director, Investor Relations of Universal
    Technical Institute, Inc., +1-623-445-9351

    Web Site: http://www.uticorp.com/




    Mitcham Industries Reports Fiscal 2010 Second Quarter Results- Excluding special items, Company reports net loss of $0.05 per share - Branches established in Peru and Colombia - Company renews and expands its exclusive agreement with Sercel

    HUNTSVILLE, Texas, Sept. 8 /PRNewswire-FirstCall/ -- Mitcham Industries, Inc. (the "Company") today announced financial results for its fiscal 2010 second quarter ended July 31, 2009.

    The Company's total revenues for the second quarter of fiscal 2010 were $12.7 million compared to $17.5 million in the second quarter of fiscal 2009. The Company reported a net loss of $1.0 million, or $0.10 per share, for the second quarter of fiscal 2010 compared to net income of $1.6 million, or $0.16 per diluted share, for the second quarter of fiscal 2009. Fiscal 2010 second quarter results include a $649,000 charge to the Company's provision for doubtful accounts and approximately $200,000 in yet to be recovered additional costs related to the Company's current contract with the Royal Australian Navy. Absent these two items, the Company's second quarter 2010 net loss was approximately $442,000, or $0.05 per share.

    Bill Mitcham, the Company's President and CEO, stated, "While we experienced a decline in revenues in our equipment leasing business during the second quarter, our Seamap segment had an excellent quarter, reflecting initial shipments on our Polarcus contract. Despite the ongoing challenges in the oil and gas industry, there are several positive factors that bode well for our leasing segment for the balance of the year. We recently began a large job in North America, requiring 27,000 channels, which we expect to contribute significantly to our leasing revenues in the second half of this fiscal year. We are also involved in several projects in South America. As a result of the continued activity and opportunities in South America, we have decided to establish branch operations in Peru and Colombia. Having those operations and equipment on the ground will enable us to better serve our customers in that region. Overall, bidding activity continues to improve and there are indications of renewed activity in Russia and Canada, which we believe will benefit our core leasing business for the balance of this fiscal year.

    "In the second quarter, we delivered two GunLink 4000 systems and two BuoyLink systems to Polarcus for the first two of their new-build seismic vessels. We expect to deliver equipment to Polarcus for an additional vessel in the third quarter and a fourth vessel in the fourth quarter of this fiscal year. We had originally been awarded orders to supply a total of six vessels. However, recently Polarcus cancelled two of those vessels in connection with a financing transaction and therefore cancelled our related orders. We are hopeful that the orders for these two vessels will be reissued in our next fiscal year.

    "Significantly, subsequent to the second quarter, we renewed our exclusive equipment lease agreement with Sercel Inc. Under the terms of this arrangement, we continue as the exclusive short-term rental agent for Sercel's DSU3 digital sensor unit throughout the world and become the exclusive short-term rental agent for all of Sercel's downhole tools in North and South America. The exclusive arrangement extends through December 2011, and we have agreed to purchase minimum quantities of this equipment during that period."

    SECOND QUARTER FISCAL 2010 RESULTS

    Total revenues for the fiscal 2010 second quarter, which is seasonally the Company's weakest quarter, were $12.7 million compared to $17.5 million for the second quarter of fiscal 2009, a decline of approximately 28%. The decline was attributable to a substantial decrease in equipment leasing revenues, which partially offset strong sales at Seamap. A significant portion of the Company's revenues are generated from sources outside the United States, with revenues from international customers totaling approximately 78% of total revenues during the second quarter of fiscal 2010 compared to 86% of total revenues in the same period last year.

    Core revenues from equipment leasing, excluding equipment sales, were $4.8 million compared to $7.5 million in the same period a year ago, a 36% decline. Leasing revenues were impacted by continued weak demand for seismic equipment and services due to the lower level of global oil and gas exploration activity.

    Sales of new seismic, hydrographic and oceanographic equipment were $731,000 compared to $4.9 million in the comparable period a year ago, and sales of lease pool equipment were $101,000 compared to $1.8 million in the second quarter of fiscal 2009. The lower levels of these sales reflect the overall decline in demand for seismic equipment in the current environment.

    Seamap equipment sales in the second quarter increased 114% to $7.0 million from $3.3 million in the comparable period a year ago, primarily due to shipments to Polarcus. During the fiscal 2010 second quarter, the Company delivered two GunLink 4000 fully distributed digital gun controller systems and two BuoyLink RGPS tail buoy positioning systems for the first two Polarcus vessels.

    Total gross profit in the fiscal 2010 second quarter was $3.3 million compared to $7.1 million in the second quarter of fiscal 2009, a 53% decline. The fiscal 2010 second quarter gross profit decline was primarily attributable to lower leasing revenues and higher depreciation expense related to new lease pool equipment that the Company acquired during fiscal 2009. Also impacting fiscal 2010 gross profit were approximately $200,000 in additional costs related to SAP's contract with the Royal Australian Navy. The Company hopes to recoup these costs but has not reflected their recovery in the second quarter results. Gross profit margin for the second quarter of fiscal 2010 was 26% compared to 41% in the same period a year ago for the reasons cited above.

    General and administrative ("G&A") costs for the second quarter of fiscal 2010 were $4.0 million compared to $4.4 million in the second quarter of fiscal 2009, reflecting lower personnel related costs. During the second quarter, the Company recorded a $649,000 charge to provision for doubtful accounts as a result of the unexpected bankruptcy of two customers. The Company recorded an operating loss for the second quarter of fiscal 2010 of $1.5 million compared to operating income of $2.3 million in the comparable period a year ago. The loss before income taxes was $1.4 million compared to income of $2.5 million in the second quarter of fiscal 2009. The Company recorded an income tax benefit of $428,000 in the fiscal 2010 second quarter compared to income tax expense of $921,000 in the second quarter of fiscal 2009.

    EBITDA (earnings before interest, taxes, depreciation and amortization) for the second quarter was $3.3 million, or 26% of total revenues, compared to $6.4 million, or 37% of total revenues, in the same period last year. Adjusted EBITDA, which excludes stock-based compensation expense, was $3.7 million, or 30% of total revenues, in the second quarter compared to $6.9 million, or 40% of total revenues, in the second quarter of last year. EBITDA and Adjusted EBITDA, which are not measures determined in accordance with generally accepted accounting principles ("GAAP"), are defined and reconciled to reported net (loss) income, the most comparable GAAP measure, in Note A under the accompanying financial tables.

    FIRST HALF FISCAL 2010 RESULTS

    Total revenues for the first six months of fiscal 2010 were $23.3 million compared to $36.0 million in the first six months of fiscal 2009. Core equipment leasing revenues were $11.1 million for the first six months of fiscal 2010 versus $19.9 million for the first six months of fiscal 2009. Sales of new seismic, hydrographic and oceanographic equipment for the first half of fiscal 2010 were $2.3 million versus $5.2 million a year ago. Sales of lease pool equipment were $170,000 compared to $2.4 million a year ago. Seamap equipment sales for the first half of fiscal 2010 were $9.6 million compared to $8.6 million in the first half of fiscal 2009.

    The Company reported an operating loss for the first half of fiscal 2010 of $1.5 million compared to operating profit of $8.7 million in the first half of fiscal 2009. The net loss for the first six months was $1.1 million, or $0.11 per share, compared to net income of $5.9 million, or $0.57 per diluted share, in the same period a year ago. EBITDA for the first six months of fiscal 2010 was $7.8 million, or 34% of total revenues, compared to $16.8 million, or 47% of total revenues, in the first six months of fiscal 2009. Adjusted EBITDA was $8.7 million, or 37% of total revenues, in the first six months of fiscal 2010 compared to $18.0 million, or 50% of total revenues, in the first six months of last year.

    CONFERENCE CALL

    The Company has scheduled a conference call for Wednesday, September 9, 2009 at 9:00 a.m. Eastern time to discuss its fiscal 2010 second quarter results. To access the call, please dial (480) 6299771 and ask for the Mitcham Industries call at least 10 minutes prior to the start time. Investors may also listen to the conference live on the Mitcham Industries corporate website, http://www.mitchamindustries.com/, by logging on that site and clicking "Investors." A telephonic replay of the conference call will be available through September 17, 2009 and may be accessed by calling (303) 5903030, and using the passcode 4142934#. A web cast archive will also be available at http://www.mitchamindustries.com/ shortly after the call and will be accessible for approximately 90 days. For more information, please contact Donna Washburn at DRG&E at (713) 5296600 or email dmw@drg-e.com.

    Mitcham Industries, Inc., a geophysical equipment supplier, offers for lease or sale, new and "experienced" seismic equipment to the oil and gas industry, seismic contractors, environmental agencies, government agencies and universities. Headquartered in Texas, with sales and services offices in Calgary, Canada; Brisbane, Australia; Singapore; Ufa, Bashkortostan, Russia; and the United Kingdom and with associates throughout Europe, South America and Asia, Mitcham conducts operations on a global scale and is the largest independent exploration equipment lessor in the industry.

    This press release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included herein, including statements regarding the Company's future financial position and results of operations, planned capital expenditures, the Company's business strategy and other plans for future expansion, the future mix of revenues and business, future demand for the Company's services and general conditions in the energy industry in general and seismic service industry, are forward-looking statements. While management believes that these forward-looking statements are reasonable when and as made, actual results may differ materially from such forward-looking statements. Important factors that could cause or contribute to such differences include possible decline in demand for seismic data and our services; the effect of recent declines in oil and natural gas prices on exploration activity; the effect of uncertainty in financial markets on our customers' and our ability to obtain financing; loss of significant customers; defaults by customers on amounts due us; possible impairment of long-lived assets; risks associated with our manufacturing operations; foreign currency exchange risk; and other factors that are disclosed in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K and available from the Company without charge. Readers are cautioned to not place undue reliance on forward-looking statements which speak only as of the date of this release and the Company undertakes no duty to update or revise any forward-looking statement whether as a result of new information, future events or otherwise.

    Contacts: Billy F. Mitcham, Jr., President & CEO Mitcham Industries, Inc. 936-291-2277 Jack Lascar / Karen Roan Dennard Rupp Gray & Easterly (DRG&E) 713-529-6600 - Tables to follow - MITCHAM INDUSTRIES, INC. CONSOLIDATED BALANCE SHEETS (In thousands, except per share data) July 31, January 31, 2009 2009 (unaudited) ---------- ---------- ASSETS Current assets: Cash and cash equivalents $6,188 $5,063 Restricted cash 444 969 Accounts receivable, net 11,649 12,415 Current portion of contracts receivable 569 836 Inventories, net 6,074 3,772 Costs incurred and estimated profit in excess of billings on uncompleted contract 1,240 1,787 Income taxes receivable - 1,000 Deferred tax asset 1,123 1,682 Prepaid expenses and other current assets 1,039 1,535 ----- ----- Total current assets 28,326 29,059 Seismic equipment lease pool and property and equipment, net 65,824 64,251 Intangible assets, net 2,827 2,744 Goodwill 4,320 4,320 Deferred tax asset 1,657 - Long-term portion of contracts receivable 3,806 3,806 Other assets 50 47 --- --- Total assets $106,810 $104,227 ======== ======== LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $10,325 $13,561 Income taxes payable 722 - Deferred revenue 439 424 Accrued expenses and other current liabilities 2,985 3,877 ----- ----- Total current liabilities 14,471 17,862 Non-current income taxes payable 2,966 3,260 Deferred tax liability - 32 Long-term debt 7,450 5,950 ----- ----- Total liabilities 24,887 27,104 Shareholders' equity: Preferred stock, $1.00 par value; 1,000 shares authorized; none issued and outstanding - - Common stock, $0.01 par value; 20,000 shares authorized; 10,737 and 10,725 shares issued at July 31, 2009 and January 31, 2009, respectively 107 107 Additional paid-in capital 75,488 74,396 Treasury stock, at cost (924 and 922 shares at July 31, 2009 and January 31, 2009, respectively) (4,827) (4,826) Retained earnings 8,637 9,727 Accumulated other comprehensive income (loss) 2,518 (2,281) ----- ------ Total shareholders' equity 81,923 77,123 ------ ------ Total liabilities and shareholders' equity $106,810 $104,227 ======== ======== MITCHAM INDUSTRIES, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) For the Three Months For the Six Months Ended July 31, Ended July 31, -------------- -------------- 2009 2008 2009 2008 ---- ---- ---- ---- Revenues: Equipment leasing $4,802 $7,500 $11,128 $19,873 Lease pool equipment sales 101 1,844 170 2,405 Seamap equipment sales 7,043 3,285 9,641 8,567 Other equipment sales 731 4,866 2,343 5,184 --- ----- ----- ----- Total revenues 12,677 17,495 23,282 36,029 ------ ------ ------ ------ Cost of sales: Direct costs - equipment leasing 925 343 1,453 785 Direct costs - lease pool depreciation 4,416 3,673 8,517 7,313 Cost of lease pool equipment sales 87 1,108 97 1,232 Cost of Seamap and other equipment sales 3,917 5,257 6,111 7,957 ----- ----- ----- ----- Total cost of sales 9,345 10,381 16,178 17,287 ----- ------ ------ ------ Gross profit 3,332 7,114 7,104 18,742 Operating expenses: General and administrative 3,969 4,430 7,471 9,210 Provision for doubtful accounts 649 - 649 95 Depreciation and amortization 223 364 477 759 --- --- --- --- Total operating expenses 4,841 4,794 8,597 10,064 ----- ----- ----- ------ Operating (loss) income (1,509) 2,320 (1,493) 8,678 Other income (expenses): Interest, net (92) 223 (181) 373 Other, net 163 3 282 8 --- --- --- --- Total other income 71 226 101 381 --- --- --- --- (Loss) income before income taxes (1,438) 2,546 (1,392) 9,059 Benefit (provision) for income taxes 428 (921) 302 (3,156) --- ---- --- ------ Net (loss) income $(1,010) $1,625 $(1,090) $5,903 ======= ====== ======== ====== Net (loss) income per common share: Basic $(0.10) $0.17 $(0.11) $0.61 ------ ----- ------ ----- Diluted $(0.10) $0.16 $(0.11) $0.57 ------ ----- ------ ----- Shares used in computing net (loss) income per common share: Basic 9,797 9,764 9,790 9,758 ----- ----- ----- ----- Diluted 9,797 10,385 9,790 10,361 ----- ------ ----- ------ MITCHAM INDUSTRIES, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) For the Six Months Ended July 31, -------- 2009 2008 ---- ---- Cash flows from operating activities: Net (loss) income $(1,090) $5,903 Adjustments to reconcile net (loss) income to net cash provided by operating activities: Depreciation and amortization 9,055 8,153 Stock-based compensation 840 1,163 Provision for doubtful accounts 649 95 Provision for inventory obsolescence (75) 249 Gross profit from sale of lease pool equipment (73) (1,173) Excess tax benefit from exercise of non-qualified stock options (7) (96) (Benefit) provision for deferred income taxes (1,210) 474 Changes in non-current income taxes payable (294) 331 Changes in working capital items: Accounts receivable 501 (1,246) Contracts receivable 267 (779) Inventories (1,677) 916 Prepaid expenses and other current assets 405 942 Income taxes receivable and payable 2,213 (1,190) Costs incurred and estimated profit in excess of billings on uncompleted contract 973 - Accounts payable, accrued expenses, other current liabilities and deferred revenue 240 (7,298) --- ------ Net cash provided by operating activities 10,717 6,444 ------ ----- Cash flows from investing activities: Purchases of seismic equipment held for lease (11,597) (15,411) Purchases of property and equipment (283) (470) Sale of used lease pool equipment 170 2,405 --- ----- Net cash used in investing activities (11,710) (13,476) ------- ------- Cash flows from financing activities: Net proceeds from line of credit 1,500 2,000 Payments on borrowings - (1,500) Proceeds from (purchases of) short-term investments 797 (1,413) Proceeds from issuance of common stock upon exercise of stock options, net of stock surrendered to pay taxes (6) 196 Excess tax benefit from exercise of non-qualified stock options 7 96 --- --- Net cash provided by (used in) financing activities 2,298 (621) Effect of changes in foreign exchange rates on cash and cash equivalents (180) (79) ---- --- Net increase (decrease) in cash and cash equivalents 1,125 (7,732) Cash and cash equivalents, beginning of period 5,063 13,884 ----- ------ Cash and cash equivalents, end of period $6,188 $6,152 ====== ====== Note A MITCHAM INDUSTRIES, INC. Reconciliation of Net (Loss) Income to EBITDA (In thousands) (Unaudited) For the Three For the Six Months Ended Months Ended July 31, July 31, -------- -------- 2009 2008 2009 2008 ---- ---- ---- ---- (in thousands) (in thousands) Net (loss) income $(1,010) $1,625 $(1,090) $5,903 Interest expense (income), net 92 (223) 181 (373) Depreciation and amortization 4,670 4,077 9,055 8,153 (Benefit) provision for income taxes (428) 921 (302) 3,156 ---- --- ---- ----- EBITDA (1) 3,324 6,400 7,844 16,839 Stock-based compensation 424 527 840 1,163 --- --- --- ----- Adjusted EBITDA (1) $3,748 $6,927 $8,684 $18,002 ====== ====== ====== ======= ----------------- (1) EBITDA is defined as net income (loss) before (a) interest income, net of interest expense, (b) provision for (or benefit from) income taxes and (c) depreciation, amortization and impairment. Adjusted EBITDA excludes stock-based compensation. We consider EBITDA and Adjusted EBITDA to be important indicators for the performance of our business, but not measures of performance calculated in accordance with accounting principles generally accepted in the United States of America ("GAAP"). We have included these non-GAAP financial measures because management utilizes this information for assessing our performance and as indicators of our ability to make capital expenditures, service debt and finance working capital requirements. The covenants of our revolving credit agreement require us to maintain a minimum level of EBITDA. Management believes that EBITDA and Adjusted EBITDA are measurements that are commonly used by analysts and some investors in evaluating the performance of companies such as us. In particular, we believe that it is useful to our analysts and investors to understand this relationship because it excludes transactions not related to our core cash operating activities. We believe that excluding these transactions allows investors to meaningfully trend and analyze the performance of our core cash operations. EBITDA and Adjusted EBITDA are not measures of financial performance under GAAP and should not be considered in isolation or as alternatives to cash flow from operating activities or as alternatives to net income as indicators of operating performance or any other measures of performance derived in accordance with GAAP. In evaluating our performance as measured by EBITDA, management recognizes and considers the limitations of this measurement. EBITDA and Adjusted EBITDA do not reflect our obligations for the payment of income taxes, interest expense or other obligations such as capital expenditures. Accordingly, EBITDA and Adjusted EBITDA are only two of the measurements that management utilizes. Other companies in our industry may calculate EBITDA or Adjusted EBITDA differently than we do and EBITDA and Adjusted EBITDA may not be comparable with similarly titled measures reported by other companies. Mitcham Industries, Inc. Segment Operating Results (In thousands) (Unaudited) For the Three For the Six Months Ended Months Ended July 31, July 31, -------- -------- 2009 2008 2009 2008 ---- ---- ---- ---- (in thousands) (in thousands) Revenues: Equipment Leasing $5,634 $14,210 $13,641 $27,462 Seamap 7,172 3,302 9,855 8,607 Inter-segment sales (129) (17) (214) (40) ---- --- ---- --- Total revenues 12,677 17,495 23,282 36,029 ------ ------ ------ ------ Cost of sales: Equipment Leasing 6,283 8,483 12,190 12,971 Seamap 3,231 1,972 4,340 4,441 Inter-segment costs (169) (74) (352) (125) ---- --- ---- ---- Total cost of sales 9,345 10,381 16,178 17,287 ----- ------ ------ ------ Gross Profit: Equipment Leasing (649) 5,727 1,451 14,491 Seamap 3,941 1,330 5,515 4,166 Inter-segment profit 40 57 138 85 --- --- --- --- Total gross profit $3,332 $7,114 $7,104 $18,742 ====== ====== ====== =======

    Mitcham Industries, Inc.

    CONTACT: Billy F. Mitcham, Jr., President & CEO of Mitcham Industries,
    Inc., +1-936-291-2277; or Jack Lascar or Karen Roan, both of Dennard Rupp Gray
    & Easterly (DRG&E), +1-713-529-6600, for Mitcham Industries, Inc.

    Web Site: http://www.mitchamindustries.com/




    ONEOK Partners to Participate in National Association of Publicly Traded Partnerships Investor Conference

    TULSA, Okla., Sept. 8 /PRNewswire-FirstCall/ -- ONEOK Partners, L.P. will present at the National Association of Publicly Traded Partnerships Investor Conference on Thursday, Sept. 17, 2009, in Greenwich, Conn.

    John W. Gibson, ONEOK Partners chairman and chief executive officer, will present at the conference at 8:30 a.m. Eastern Daylight Time (7:30 a.m. Central Daylight Time).

    The conference will be webcast and will be accessible on ONEOK Partners' Web site http://www.oneokpartners.com/. A replay of the webcast will be archived for 30 days after the conference.

    The company will also post the presentation on its Web site that morning, beginning at 8 a.m. Eastern Daylight Time (7 a.m. Central Daylight Time).

    ONEOK Partners, L.P. is one of the largest publicly traded master limited partnerships and is a leader in the gathering, processing, storage and transportation of natural gas in the U.S. and owns one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent and Rocky Mountain regions with key market centers. Its general partner is a wholly owned subsidiary of ONEOK, Inc. , a diversified energy company, which owns 45.1 percent of the partnership. ONEOK is one of the largest natural gas distributors in the United States, and its energy services operation focuses primarily on marketing natural gas and related services throughout the U.S.

    For more information, visit the Web site at http://www.oneokpartners.com/. OKS-FV Analyst Contact: Andrew Ziola 918-588-7163 Media Contact: Brad Borror 918-588-7582

    ONEOK Partners, L.P.

    CONTACT: Analysts, Andrew Ziola, +1-918-588-7163, or Media, Brad Borror,
    +1-918-588-7582, both for ONEOK Partners, L.P.

    Web Site: http://www.oneokpartners.com/




    VIVUS to Host Conference Call and Webcast Discussion of Qnexa Phase 3 Results

    MOUNTAIN VIEW, Calif., Sept. 8 /PRNewswire-FirstCall/ -- VIVUS, Inc. , a pharmaceutical company dedicated to the development and commercialization of novel therapeutic products, plans to announce the results from the EQUIP and CONQUER Qnexa(TM) phase 3 obesity clinical trials on September 9th prior to market open. The announcement will be followed by a webcast and conference call at 8:00 a.m. Eastern time.

    Conference Call Information Domestic callers: 1-800-967-7185 International callers: 1-719-325-2352

    Webcast information: http://ir.vivus.com/. A webcast replay will be available on the VIVUS web site for 30 days.

    About VIVUS

    VIVUS is a biopharmaceutical company developing innovative, next-generation therapies to address unmet needs in obesity, diabetes and sexual health. The company's lead product in clinical development, Qnexa(TM), has recently completed phase 3 clinical trials for the treatment of obesity. Qnexa is also in phase 2 clinical development for the treatment of type 2 diabetes. In the area of sexual health, VIVUS is in phase 3 development with avanafil, a potentially best-in-class PDE5 inhibitor, and in phase 2 development of Luramist(TM) for the treatment of hypoactive sexual desire disorder (HSDD) in women. MUSE (alprostadil), a first generation therapy for the treatment of ED, is already on the market and generating revenue for VIVUS. For more information about the company, please visit http://www.vivus.com/.

    CONTACT: VIVUS, Inc. Investor Relations: The Trout Group Timothy E. Morris Brian Korb Chief Financial Officer 646-378-2923 650-934-5200 Media Relations: Pure Communications, Inc. Sheryl Seapy 949-608-0841

    VIVUS, Inc.

    CONTACT: Timothy E. Morris, Chief Financial Officer, VIVUS, Inc.,
    +1-650-934-5200, or Investors, Brian Korb of The Trout Group, +1-646-378-2923,
    or Media, Sheryl Seapy of Pure Communications, Inc., +1-949-608-0841

    Web Site: http://www.vivus.com/




    PMC Commercial Trust Announces Third Quarter Dividend of $0.16 Per Share

    DALLAS, Sept. 8 /PRNewswire-FirstCall/ -- PMC Commercial Trust (NYSE Amex: PCC) (the "Company," "we" or "our"), a real estate investment trust ("REIT"), announced today that its Board of Trust Managers has declared a third quarter 2009 quarterly cash dividend of $0.16 per common share payable on October 13, 2009 to shareholders of record on September 30, 2009. The dividend is our 63rd consecutive quarterly dividend.

    PMC Commercial Trust primarily originates loans to small businesses primarily secured by real estate.

    Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company "expects," "anticipates" or words of similar import. Similarly, statements that describe the Company's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of the Company, real estate conditions and market valuations of its shares, which could cause actual results to differ materially from those currently anticipated. The Company's ability to meet targeted financial and operating results, including loan originations, operating income, net income and earnings per share depends on a variety of economic, competitive, and governmental factors, including changes in real estate market conditions, changes in interest rates and the Company's ability to access capital under its credit facility or otherwise, many of which are beyond the company's control and which are described in the Company's filings with the Securities and Exchange Commission. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect any changes in expectations, subsequent events or circumstances.

    Website: http://www.pmctrust.com/

    PMC Commercial Trust

    CONTACT: Investor Relations of PMC Commercial Trust, +1-972-349-3235

    Web Site: http://www.pmctrust.com/




    EcoBlu Products, Inc. Coating Lumber for Universal Forest Products

    CARLSBAD, CA, Sept. 8 /PRNewswire-FirstCall/ -- EcoBlu Products, Inc., (OTCBB: ECOB) today announced that it is providing coating services for Universal Forest Products, Inc. from its new Texas facility. Recently, a large shipment of raw lumber was delivered to EcoBlu where it was protected with BLUWOOD(TM) technology to resist mold, rot, decay and termites.

    Universal Forest Products is the nation's leading manufacturer and distributor of wood and wood-alternative products to retail/dealer, site-built construction, manufactured housing and industrial markets with sales of over $2 Billion in 2008.

    "We are excited to be working with a company like Universal, their nationwide reach and reputation will go a long way to increase the awareness of EcoBlu and our coating technology," said Steve Conboy, President and CEO of EcoBlu Products.

    Due to its central location, coating services performed at the new Texas plant will reduce shipping costs and increase production efficiency for customers.

    The first order for Universal Forest Products was the coating of approximately 150,000 board feet of lumber utilizing Eco Blu Products BLUWOOD(TM) Technology. As previously announced, EcoBlu Products projects revenues from its new Texas facility to reach $10 million in the next 12-month period.

    ABOUT ECOBLU PRODUCTS, INC.

    EcoBlu Products, Inc. is a manufacturer of proprietary wood products coated with an eco-friendly chemistry that protects against mold, rot, decay, termites and value added fire. EcoBlu products protected by BLUWOOD(TM) technology is the ultimate in wood protection, preservation, and fire safety to building components constructed of wood; from joists, beams and paneling, to floors and ceilings.

    The Company is committed to the development, marketing and sales of environmentally-responsible building materials. EcoBlu products are ready to deliver the winning edge to builders and the environment with its sustainable green product line.

    Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the future market price of EcoBlu Products, Inc. common stock and the ability to obtain the necessary financing. This release has not been reviewed or approved by Universal Forest Products, Inc. and nothing is this press release should be construed as an endorsement by them.

    EcoBlu Products, Inc.

    CONTACT: Company Contact: EcoBlu Products, Inc., Carlsbad, California,
    92008, Phone: (909) 519-5470, Email: info@ecobluproducts.com, Web Site:
    http://www.ecobluproducts.com/, Blog: http://blog.ecobluproducts.com/, Visit us on
    YouTube at: http://www.youtube.com/ecobluproducts




    PrimeGen Energy - Initial Production at Timan-Pechora Kochmesskoye No. 4 Well Averages 1,670 Barrels Per Day

    BRIDGEWATER, NJ, Sept. 8 /PRNewswire-FirstCall/ -- PrimeGen Energy Corp. (OTC Pink Sheets: PGNE; "PrimeGen" or the "Company") today announces the initial production for the Kochmesskoye # 4 well at Timan-Pechora, Russia. The well commenced commercial oil production on August 24, 2009, and the Company has received production results for the first 16 days. Total oil produced and sold was 26,700 barrels with an average daily production rate of 1,670 barrels per day.

    Robert Charlton, President and CEO, stated, "We're very pleased with the record breaking production results of the Kochmesskoye # 4. We are ramping up our development drilling activity in Timan-Pechora and should be adding three of the four recently purchased rigs into our operations in the next several weeks."

    Robert Charlton continued, "We are seeing our transition to Eastern European and Russian oil resource plays continue to deliver exceptionally well for our shareholders. With the anticipated increase in our oil volumes in the fourth quarter, our cash flows are expected to remain strong as the overall economics of our Timan-Pechora wells continue to be more attractive to current and future shareholders of the Company."The Kochmesskoye # 4 well is the fourth of a multi-well program drilled at Timan-Pechora by PrimeGen. The 2009-10 development program calls for the drilling of a minimum of 30 wells to develop the field. When fully developed, the 30 wells could yield a daily production rate at Timan-Pechora of 35,000 barrels per day. Using current pricing for Timan-Pechora crude oil, PrimeGen has confirmed that the new well alone has generated $1.7 million in revenue or a projected $38.9 million per year. Currently, oil at Timan-Pechora has been priced at over $65.00 per barrel.

    About PrimeGen Energy Corporation

    PrimeGen Energy Corp. is an oil and gas exploration Company whose primary focus is exploring and developing high potential unconventional resource plays. The Company's strategy and development assets are focused on a prolific and historic oil and natural gas resource play in Krasnoarmeiskome District, Saratovskoi Oblast in Russia. The Company is headquartered in Bridgewater, NJ and has offices in Moscow, Russia. PrimeGen Energy plans to use its comparative advantages in certain geographic regions to expand rapidly through strategic acquisitions of small oil and gas producing entities and production assets including wells, properties, operating equipment, and pipelines.

    Forward-Looking Statements

    This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future.

    Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission.

    PrimeGen Energy Corp.

    CONTACT: Robert Charlton, President, PrimeGen Energy Corp.




    Trubion Pharmaceuticals, Inc. to Present at the Morgan Stanley Global Healthcare Conference

    SEATTLE, Sept. 8 /PRNewswire-FirstCall/ -- Trubion Pharmaceuticals, Inc. announced today that executives will present a corporate update at the upcoming Morgan Stanley Global Healthcare Conference in New York City. Peter Thompson, M.D., FACP, president, chief executive officer and chairman of the board of directors, and Michelle Burris, senior vice president and chief financial officer, are scheduled to present on Monday, Sept. 14 at 8 a.m. EDT. The presentation will be available via audio webcast at http://www.corporate-ir.net/ireye/conflobby.zhtml?ticker=TRBN&item_id=2400648.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20090320/TRUBIONLOGO) About Trubion

    Trubion is a biopharmaceutical company that is creating a pipeline of novel protein therapeutic product candidates to treat autoimmune and inflammatory diseases and cancer. The Company's mission is to develop a variety of first-in-class and best-in-class product candidates, customized for optimal safety, efficacy and convenience that it believes may offer improved patient experiences. Trubion's current product candidates are novel single-chain protein, or SMIP, therapeutics, and are designed using its custom drug assembly technology. Trubion's product pipeline includes CD20-directed SMIP therapeutics such as TRU-015 and SBI-087 for autoimmune and inflammatory diseases, developed under the Company's Wyeth collaboration. Trubion's product pipeline also includes TRU-016, a novel CD37-targeted therapy for the treatment of B-cell malignancies developed under the company's Facet Biotech collaboration. In addition to Trubion's current clinical stage product pipeline, the Company is also developing its multi-specific SCORPION technology, both for targeting cell-surface molecules like CD79b and HLA-DR, as well simultaneously neutralizing soluble ligands like TNF and IL-6. More information is available in the investors section of Trubion's website: http://investors.trubion.com/index.cfm.

    TRBN-G Contact: Jim DeNike Senior Director, Corporate Communications Trubion Pharmaceuticals, Inc. (206) 838-0500 jdenike@trubion.com http://www.trubion.com/ Waggener Edstrom Worldwide Healthcare Amy Petty Senior Account Executive (617) 576-5788 amyp@waggeneredstrom.com

    Photo: http://www.newscom.com/cgi-bin/prnh/20090320/TRUBIONLOGO
    http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Trubion Pharmaceuticals, Inc.

    CONTACT: Jim DeNike, Senior Director, Corporate Communications of
    Trubion Pharmaceuticals, Inc., +1-206-838-0500, jdenike@trubion.com; or Amy
    Petty, Senior Account Executive of Waggener Edstrom Worldwide Healthcare,
    +1-617-576-5788, amyp@waggeneredstrom.com, for Trubion Pharmaceuticals, Inc.

    Web Site: http://www.trubion.com/




    Cognizant CEO To Join Presentation at Investor ConferenceDemand Environment Remains Positive

    TEANECK, N.J., Sept. 8 /PRNewswire-FirstCall/ -- Cognizant , a leading provider of consulting, technology, and business process outsourcing services, today announced that Francisco D'Souza, President and Chief Executive Officer, will join Gordon Coburn, Chief Financial and Operating Officer, to present at the following investor conference.

    Citi's 16th Annual Global Technology Conference -- Date: Thursday, September 10, 2009 -- Time: 10:25 AM EDT

    "I look forward to discussing the current trends in our business," said Francisco D'Souza. "We are pleased to note that the demand environment remains positive and that the trend towards increased demand for our services, which we observed in the second quarter of this year, has continued into the third quarter."

    Live audio webcasts of the presentations will be available at Cognizant's website:

    http://www.cognizant.com/investors About Cognizant

    Cognizant is a leading provider of information technology, consulting, and business process outsourcing services. Recognized by Fortune Magazine as one of the World's Most Admired Companies, Cognizant's single-minded passion is to dedicate our global technology and innovation know-how, our industry expertise, and worldwide resources to working together with clients to make their businesses stronger. With over 50 global delivery centers and more than 64,000 employees as of June 30, 2009, we combine a unique onsite/offshore delivery model infused by a distinct culture of customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index, Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000 and is ranked among the top information technology companies in BusinessWeek's Hot Growth and Top 50 Performers listings. Visit us online at http://www.cognizant.com/.

    Forward-Looking Statements

    This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

    Cognizant

    CONTACT: David Nelson, VP, Investor Relations & Treasury,
    +1-201-498-8840, david.nelson@cognizant.com; or Press: Brian Maddox or Hannah
    Sloane, hannah.sloane@fd.com, both of FD, +1-212-850-5600

    Web Site: http://www.cognizant.com/




    GENova appoints Dr. Anders Boegh Jensen to Scientific Advisory Board

    NEW YORK, NY, Sept. 8 /PRNewswire-FirstCall/ -- (OTCBB: GVBP.OB) - GENova Biotheropeutics, Inc., ("GENova"), a biotechnology company that identifies, acquires, and develops novel drug targets that disrupt the advance of life-threatening diseases, today announced it has appointed Dr. Anders Boegh Jensen to its Scientific Advisory Board (SAB).

    Dr. Boegh Jensen will contribute his considerable expertise in biotechnology and molecular biology to GENova's business of identifying, evaluating and developing pioneering research drugs. His expertise is acknowledged by companies such as Pfizer, Amgen, Myriad Genetics, Medarex, and Biogen Idec.

    Aaron Whiteman, CEO of GENova, says, "We are delighted to have Mr. Boegh Jensen join the SAB. His credentials and experience in the biotech field will be an asset to GENova as we continue to identify promising cancer-fighting drug patents."

    Anders Boegh Jensen, Ph.D.

    Anders Boegh Jensen is a biochemist who specializes in biotechnology, genetics and molecular biology. He is currently the Director at Poalis, a plant-based biotechnology company, and serves as an Industrial Representative Board Member at the Danish Society for Biochemistry and Molecular Biology. Dr. Boegh Jensen is also frequently published in leading industry journals such as "Cell". His previous position was Associate Professor at the Institute of Molecular Biology at the University of Copenhagen where he helped modernize biology education and developed advanced Ph.D. courses.

    Anders Boegh Jensen's academic credentials include: completion of a Master's thesis at the Institute of Molecular Biology, University of Copenhagen in 1989; a one-year research term at the Carlsberg Research Laboratory; and being awarded a four-year European Union BRIDGE mobility fellowship for his post-graduate research training at the Dept. of Plant Molecular Genetics, CID, CSIC, Barcelona, Spain. He completed his Ph.D thesis in Molecular Biology and Genetics in 1994.

    About GENova Biotherapeutics Inc.

    GENova is positioning itself as the world's leading bioscience company in the development and commercial licensing of novel therapeutic proteins that disrupt the advance of life-threatening cancers. The company leverages cutting-edge research collaborations to achieve breakthroughs in anti-cancer treatments, and then licenses these patented drug product candidates to Big Pharmaceutical and Biotechnology companies.

    Forward Looking Statements

    This document includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are expected by the Company to be forward-looking statements. Although GENova believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include but are not limited to the success of the owned intellectual property, the strength of the patents, continued availability of capital and financing, and general economic market or business conditions.

    GENova Biotherapeutics, Inc.

    CONTACT: Investor Relations: Windfall Communications LLC, Brian Cook,
    1-866-797-8703, info@windfallcommunications.com




    LongHorn Steakhouse Brings the Spirit of the West to WisconsinNew Restaurant to Bring Western-Style Food and Hospitality to Green Bay Area

    ORLANDO, Fla., Sept. 8 /PRNewswire-FirstCall/ -- LongHorn Steakhouse, part of the Darden family of restaurants, today announced the opening of its first location in Wisconsin. The restaurant, best known for its atmosphere and flavor of the American West, is located at 2475 S. Oneida St. in Green Bay. As part of its pre-opening training period, the restaurant recently hosted a Friends and Family night which helped raise more than $1,400 for the Ashwaubenon Historical Society.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20090223/FL74289LOGO )

    The 8,000 square foot restaurant will employ up to 80 team members and seat more than 250 guests. Jim Kasprzak, a restaurant industry veteran of 15 years, will serve as managing partner.

    "LongHorn Steakhouse has been looking to bring its tradition of Western hospitality to Wisconsin for some time and we are excited about the warm welcome we have received from the Green Bay community," said Kasprzak. "We look forward to helping our guests relax and unwind in an inviting atmosphere while savoring a great steakhouse meal served with genuine western hospitality. We're also pleased we could help support the Ashwaubenon Historical Society and look forward to making more contributions to the local community for many years to come."

    LongHorn opened its first restaurant in Atlanta 28 years ago and has grown steadily - becoming known for its passion for grilling fresh, tender, juicy steaks served in a relaxed, comfortable steakhouse atmosphere. But that first restaurant almost didn't survive its initial year in business until good fortune fell from the sky in the form of a freak snowstorm in Atlanta. After stranded motorists (including a local restaurant critic) sought refuge inside word quickly spread about the delicious steaks and genuine western hospitality.

    LongHorn grill masters love to grill fresh, never frozen, fish and chicken in addition to steak. Items such as LongHorn Salmon, a fresh, hand-cut salmon fillet seasoned with a bourbon marinade, and fall-off-the-bone tender Baby Back Ribs are just some of the other specialties guests will find on the menu.

    The restaurant opens daily at 11 AM for lunch. It is open until 10 PM Sunday through Thursday and until 11 PM on Friday and Saturday.

    ABOUT LONGHORN STEAKHOUSE

    More than 25 years after opening its first restaurant in Atlanta, today LongHorn Steakhouse operates more than 300 restaurants in 29 states. LongHorn is a division of Darden Restaurants, Inc. , the world's largest full-service restaurant operating company. For more information about LongHorn, please visit http://www.longhornsteakhouse.com/.

    Photo: http://www.newscom.com/cgi-bin/prnh/20090223/FL74289LOGO Darden Restaurants Inc.: General

    CONTACT: Melissa Miller, +1-312-297-7442, melissa.miller@edelman.com,
    for Darden Restaurants, Inc.

    Web Site: http://www.longhornsteakhouse.com/




    WellPoint Announces Appearance at Upcoming Conference

    INDIANAPOLIS, Sept. 8 /PRNewswire/ -- WellPoint, Inc. announced today that senior management is scheduled to present at the 2009 Morgan Stanley Global Healthcare Unplugged Conference on Sept. 14, 2009, at 1:00 p.m. Eastern Daylight Time ("EDT"). All interested parties are invited to listen to the webcast of the presentation by visiting http://www.wellpoint.com/ and selecting the "Investor Info" link. Following the presentation, a webcast replay will be available at http://www.wellpoint.com/ for two weeks.

    To listen to the live webcast, please visit WellPoint's website at least 15 minutes early to download and install any necessary audio software. Individuals who listen to the presentation will be presumed to have read WellPoint's most recent filings with the SEC, including but not limited to its Annual Report on Form 10-K for the year ended December 31, 2008, and its Quarterly Reports on Form 10-Q for the reporting periods of 2009.

    About WellPoint, Inc.

    WellPoint works to simplify the connection between Health, Care and Value. We help to improve the health of our communities, deliver better care to members, and provide greater value to our customers and shareholders. WellPoint is the nation's largest health benefits company, with more than 34 million members in its affiliated health plans. As an independent licensee of the Blue Cross and Blue Shield Association, WellPoint serves members as the Blue Cross licensee for California; the Blue Cross and Blue Shield licensee for Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri (excluding 30 counties in the Kansas City area), Nevada, New Hampshire, New York (as the Blue Cross Blue Shield licensee in 10 New York City metropolitan and surrounding counties and as the Blue Cross or Blue Cross Blue Shield licensee in selected upstate counties only), Ohio, Virginia (excluding the Northern Virginia suburbs of Washington, D.C.), Wisconsin; and through UniCare. Additional information about WellPoint is available at http://www.wellpoint.com/.

    WellPoint, Inc.

    CONTACT: Investor Relations, Michael Kleinman, +1-317-488-6713, Media,
    Todd Siesky, +1-317-488-6548, both of WellPoint, Inc.

    Web Site: http://www.wellpoint.com/




    FirstMerit Corporation to Present at Barclays Capital Financial Services Conference

    AKRON, Ohio, Sept. 8 /PRNewswire-FirstCall/ -- FirstMerit Corp. will present at the Barclays Capital Financial Services Conference to be held in New York City on Tuesday, September 15, 2009 at 3:45 p.m. EDT. Terrence E. Bichsel, executive vice president and chief financial officer, will discuss business, financial performance and strategies. The presentation will include forward-looking statements.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20070920/CLTU138LOGO )

    Interested investors may access the live audio presentation, with slides available for viewing, by visiting http://www.firstmerit.com/investors. A replay of the webcast will be archived in the investor relations section of FirstMerit's Web site at http://www.firstmerit.com/.

    About FirstMerit

    FirstMerit Corporation is a diversified financial services company headquartered in Akron, Ohio, with assets of $10.7 billion as of June 30, 2009 and 155 banking offices and 176 ATMs in 25 Ohio and Western Pennsylvania counties. FirstMerit provides a complete range of banking and other financial services to consumers and businesses through its core operations. Principal wholly-owned subsidiaries include: FirstMerit Bank, N.A., FirstMerit Mortgage Corporation, FirstMerit Title Agency, Ltd., and FirstMerit Community Development Corporation.

    FirstMerit Corporation Analysts Contact: Thomas O'Malley Director Corporate Communications/Investor Relations Officer Phone: 330.384.7109 Media Contact: Rob Townsend Media Relations Officer Phone: 330.384.7075

    Photo: http://www.newscom.com/cgi-bin/prnh/20070920/CLTU138LOGO FirstMerit Corporation

    CONTACT: Analysts Contact: Thomas O'Malley, Director Corporate
    Communications/Investor Relations Officer, +1-330-384-7109; or Media Contact:
    Rob Townsend, Media Relations Officer, +1-330-384-7075

    Web Site: http://www.firstmerit.com/




    Allscripts to Announce Fiscal First Quarter Results on September 29, 2009; Company Appoints Vice President of Investor Relations

    CHICAGO, Sept. 8 /PRNewswire-FirstCall/ -- Allscripts announced today that it will report its financial results for the three months ended August 31, 2009 after the stock market closes on Tuesday, September 29, 2009. At 4:30 PM Eastern Daylight Time on the same day, Allscripts management will host a conference call and webcast to discuss the company's earnings and other information.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20081013/AQM041LOGO) New Vice President of Investor Relations

    Allscripts also announced that Seth Frank has joined Allscripts as Vice President, Investor Relations, reporting to Chief Financial Officer Bill Davis.

    Frank brings to the new role 18 years of experience spanning healthcare, securities research, corporate investor relations and financial communications. Prior to joining Allscripts, Frank served as Vice President of Sard Verbinnen & Co., a firm providing strategic corporate, financial and crisis communications services to public and private companies.

    Prior to that, Frank served as Director, Investor Relations and Finance, for Kanbay International, a Rosemont, Ill.-based global information technology services provider. His previous roles include Vice President and Manager of Institutional Equity Sales for A.G. Edwards and Sons in St. Louis, where he also served as a Senior Analyst in the health care information technology sector.

    Frank received a bachelor's degree from Emory University and a master's of science degree from the University of Colorado. He completed graduate coursework in health care management and policy at Yale University, where he also served as a clinical researcher and staff physician assistant.

    "We are very pleased to welcome Seth to Allscripts," said Davis. "His leadership skills and industry experience will make him a trusted resource for our shareholders, analysts and potential investors. A dedicated investor relations function will be highly valuable in satisfying the increasing interest we're experiencing from the financial community."

    More details on the call

    The earnings announcement will be distributed via PR Newswire immediately after the market closes on the afternoon of September 29th. The press release also will be available on the company's website at http://www.allscripts.com/.

    To listen to the conference call online, participants may log onto http://www.allscripts.com/. It is recommended that participants log onto the website approximately 15 minutes prior to the start of the conference call to download and install any necessary software. The conference call also can be accessed by dialing 877-230-5050 and requesting the Allscripts investor presentation (973-532-4923 for international callers outside of the US/Canada). A Microsoft Windows Media Player web replay will be available three hours after the conclusion of the call for a period of two weeks at http://www.allscripts.com/ or by calling 800-642-1687 (706-645-9291 for international callers) - ID # 27582277.

    (Minimum requirements to listen to the broadcast are: Microsoft Windows Media Player software, downloadable free from http://windowsmedia.com/download/download.asp, an Internet connection, and speakers or earphones).

    Upcoming Investor Presentations Allscripts will present at the following upcoming investor events: -- Sept. 9, 2009 at the Thomas Weisel Partners Healthcare Conference, held in the Four Seasons, Boston -- Sept. 15, 2009 at the Stifel Nicolaus/Johns Hopkins Bloomberg School of Public Health 2009 Health Policy Conference, held in the Hilton, Baltimore -- Sept. 21, 2009 at the UBS Global Life Sciences Conference, held in the Grand Park Hyatt, New York City -- Oct. 5, 2009 at the JMP Securities Healthcare Conference, held in the Palace, New York City -- Nov. 11, 2009 at the Credit Suisse Healthcare Conference, held in the Biltmore, Phoenix -- Nov. 19, 2009 at Citi's 6th Annual Small/Mid-Cap Conference, held in Citi's Conference Center, New York City -- December 2, 2009 at Piper Jaffray Healthcare Conference, held in the Palace, New York City

    The presentations may be accessed live or as archived files at http://www.allscripts.com/ under the "Company" menu (click "Investor Relations"). The Stifel Nicolaus/Hopkins conference does not include presentations.

    About Allscripts

    Allscripts uses innovation technology to bring health to healthcare. More than 160,000 physicians, 800 hospitals and nearly 8,000 post-acute and homecare organizations utilize Allscripts to improve the health of their patients and their bottom line. The company's award-winning solutions include electronic health records, electronic prescribing, revenue cycle management, practice management, document management, hospital care management, emergency department information systems and homecare automation. Allscripts is the trade name of Allscripts-Misys Healthcare Solutions, Inc. To learn more, visit http://www.allscripts.com/.

    This news release may contain forward-looking statements within the meaning of the federal securities laws. Statements regarding future events, developments, the Company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. As a result, actual results may vary materially from those anticipated by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: the volume and timing of systems sales and installations; length of sales cycles and the installation process; the possibility that products will not achieve or sustain market acceptance; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; competitive pressures including product offerings, pricing and promotional activities; our ability to establish and maintain strategic relationships; undetected errors or similar problems in our software products; compliance with existing laws, regulations and industry initiatives and future changes in laws or regulations in the healthcare industry; possible regulation of the Company's software by the U.S. Food and Drug Administration; the possibility of product-related liabilities; our ability to attract and retain qualified personnel; our ability to identify and complete acquisitions, manage our growth and integrate acquisitions; the ability to recognize the benefits of the merger with Misys Healthcare Systems, LLC ("MHS"); the integration of MHS with the Company and the possible disruption of current plans and operations as a result thereof; maintaining our intellectual property rights and litigation involving intellectual property rights; risks related to third-party suppliers; our ability to obtain, use or successfully integrate third-party licensed technology; breach of our security by third parties; and the risk factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including our May 31, 2009 Annual Report on Form 10-K available through the Web site maintained by the Securities and Exchange Commission at http://www.sec.gov/. The Company undertakes no obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise.

    Photo: http://www.newscom.com/cgi-bin/prnh/20081013/AQM041LOGO
    http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Allscripts-Misys Healthcare Solutions, Inc.

    CONTACT: Bill Davis, Chief Financial Officer, +1-312-506-1211,
    bill.davis@allscripts.com, or Seth Frank, Vice President, Investor Relations,
    +1-312-506-1213, seth.frank@allscripts.com, or Todd Stein, Senior Manager,
    Public Relations, +1-312-506-1216, todd.stein@allscripts.com, all of
    Allscripts-Misys Healthcare Solutions, Inc.

    Web Site: http://www.allscripts.com/




    81 Million Americans Visited a Government Web Site in JulyHeated Healthcare Debate Drives Traffic Gains to White House and Congressional Sites Satisfaction with Government Web sites Lags Commercial Leaders

    RESTON, Va., Sept. 8 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today released an overview of the government site category, which revealed that more than 81 million Americans visited government sites in July, representing 42 percent of the U.S. Internet audience.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)

    The Department of Commerce (which includes substantial traffic at Weather.gov and the site for the National Oceanic and Atmospheric Administration, NOAA.gov) ranked as the most visited federal government Web entity in July with 7.1 million visitors, followed by Web sites for the Department of Education (ED.gov) with 7 million visitors, the National Institute of Health (NIH.gov) with 6.9 million visitors, the Internal Revenue Service (IRS.gov) with 4.2 million visitors and the Social Security Administration (SSA.gov) with 3.3 million visitors. CARS.gov, which did not even exist one year ago, garnered nearly 2.1 million visitors due to the summertime "Cash for Clunkers" incentive. WhiteHouse.gov was up 88 percent versus year ago to 1.1 million visitors, as Americans exhibited an interest in the policies and initiatives of newly elected President Barack Obama. Both branches of the legislature also showed impressive gains, with the Senate.gov up 93 percent and House.gov up 73 percent, most likely due to the current debate over healthcare reform.

    Top Federal Government Sites July 2009 vs. July 2008 Total U.S. - Home/Work/University Locations Source: comScore Media Metrix ----------------------------- Total Unique Visitors (000) -------------------------- Jul-2008 Jul-2009 % Change -------- -------- -------- Total Internet : Total Audience 189,134 195,538 3% ---------------------- ------- ------- - Government 81,591 81,221 0% ---------- ------ ------ - Department of Commerce* 8,278 7,058 -15% ---------------------- ----- ----- --- ED.GOV 5,756 7,008 22% ------ ----- ----- -- NIH 7,841 6,968 -11% --- ----- ----- --- IRS.GOV 8,865 4,226 -52% ------- ----- ----- --- SSA.GOV 3,752 3,308 -12% ------- ----- ----- --- NASA.GOV 1,618 2,933 81% -------- ----- ----- -- USAJOBS.GOV 2,057 2,652 29% ----------- ----- ----- -- CDC.GOV 2,204 2,632 19% ------- ----- ----- -- STATE.GOV 1,876 2,277 21% --------- ----- ----- -- NPS.GOV 1,998 2,253 13% ------- ----- ----- -- CARS.GOV N/A 2,083 N/A -------- --- ----- --- USDA.GOV 1,681 2,034 21% -------- ----- ----- -- FUELECONOMY.GOV 646 1,988 208% --------------- --- ----- --- ARMY.MIL 1,638 1,828 12% -------- ----- ----- -- HHS.GOV 2,297 1,809 -21% ------- ----- ----- --- HUD.GOV 1,459 1,803 24% ------- ----- ----- -- SENATE.GOV 878 1,698 93% ---------- --- ----- -- USCIS.GOV 1,282 1,601 25% --------- ----- ----- -- BLS.GOV 1,315 1,462 11% ------- ----- ----- -- HOUSE.GOV 714 1,234 73% --------- --- ----- -- WHITEHOUSE.GOV 604 1,138 88% -------------- --- ----- -- *Department of Commerce includes the following government sites receiving at least 100,000 unique visitors in July: NOAA.gov, Weather.gov, Census.gov, Time.gov, NIST.gov, USPTO.gov

    "The Internet has evolved into an important channel for Americans to interact with the federal government and its agencies," said Dan Lackner, comScore senior vice president. "On January 21, 2009, President Obama issued a directive stating that 'Executive departments and agencies should harness new technologies to put information about their operations and decisions online and readily available to the public.' Federal and state agencies and departments are now investing more heavily in their Web presence, making their sites more citizen-centric and easier to interact with. They are rapidly adopting and adapting best practices from the commercial sector and applying them to their own initiatives."

    Demographic Profile of Visitors to Government Category

    Visitors to the government site category skew slightly towards females, individuals older than 25 and higher-income households than the average U.S. Internet user. Specifically, females were 5 percent more likely than average to visit the category, while 35-54 year olds were 20 percent more likely, and those in households earning at least $60,000 were 6 percent more likely.

    Demographic Profile of Visitors to Government Category July 2009 Total U.S. - Home/Work/University Locations Source: comScore Media Metrix ----------------------------- % Composition Unique Composition Visitors Index* ----------- ----------- Total Audience 100.0 100 -------------- ----- --- All Males 49.5 95 --------- ---- -- All Females 50.5 105 ----------- ---- --- Persons - Age ------------- Persons: 12-24 19.0 75 -------------- ---- -- Persons: 25-34 21.5 115 -------------- ---- --- Persons: 35-54 41.5 120 -------------- ---- --- Persons: 55+ 13.0 107 ----------- ---- --- HH Income (US) ------------- Under $60K 48.8 94 ---------- ---- -- $60K+ 51.2 106 ----- ---- --- *Composition Index = % Composition of Visitors to Government Category / % Composition of Total U.S. Internet Audience x 100; Index of 100 indicates average representation Citizen Satisfaction with Government Web Sites

    According to a survey recently conducted by comScore, citizens generally give good marks on their experience on government Web sites. Customer satisfaction ratings on government sites ranged from the low 70's to a satisfaction rating of 81 percent for the Department of Education site, ED.gov. As reported by Tim O'Reilly at the eGov Conference on Tuesday, the overall average satisfaction rating was 76 percent, five to ten percentage points behind the top e-commerce sites.

    "Government website managers have made strides to improve the content and overall experience of visitors to their websites," added Lackner. "71 percent of those surveyed indicated they would recommend a government site to a friend. As Web site managers embrace the best practices of their commercial counterparts, we can expect to see this gap close."

    About comScore

    comScore, Inc. is a global leader in measuring the digital world and preferred source of digital marketing intelligence. For more information, please visit http://www.comscore.com/companyinfo.

    Follow Us on Twitter twitter.com/comScore twitter.com/m_abraham twitter.com/gfulgoni

    Photo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com comScore, Inc.

    CONTACT: Sarah Radwanick of comScore, Inc., +1-312-775-6538,
    press@comscore.com

    Web Site: http://www.comscore.com/




    Lights, Camera, Fashion: QVC Returns to Bryant Park for Its Largest Display at Mercedes-Benz Fashion WeekMultimedia Retailer Scheduled to Unveil Collections by Vivienne Tam, Erin Fetherston and Rachel Zoe

    WEST CHESTER, Pa., Sept. 8 /PRNewswire/ -- When it comes to Mercedes-Benz Fashion Week, front row is the preferred - if not the only - way to go. Thanks to QVC, its viewers will be provided with this exclusive access when the multimedia retailer returns to the Tents at Bryant Park for its largest display ever.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20070923/NESU001LOGO )

    Joining forces with IMG Fashion, a driving force in the global fashion business, QVC's runway broadcasts - LIVE FROM MERCEDES-BENZ FASHION WEEK - are scheduled to air Saturday, September 12, from 8-12 PM (ET) and Wednesday, September 16, from 9-11 PM (ET), with additional live hits throughout the week.

    During its two primetime broadcasts, QVC is scheduled to launch collections by Vivienne Tam, Erin Fetherston and Rachel Zoe. Designer Cynthia Steffe is also scheduled to present her Ava Rose collection. Additionally, QVC will showcase couture-inspired fashions from some of its most popular designers, including Bradley Bayou, Chloe Dao, Marc Bouwer and Lori Goldstein. Designer Pamela Dennis and style expert Jaye Hersh are also scheduled to return to QVC to unveil their new fall collections.

    "Getting the perfect look, at the right price, has never been more important. We're thrilled to bring our customers fashions from some of the industry's most celebrated designers, at a terrific value," said Claire Watts, QVC's president of U.S. Commerce. "Our third appearance at Mercedes-Benz Fashion Week promises to be our best - we're excited to give our customers exclusive, insider access to this premier fashion event."

    In addition to its two live runway shows, QVC will feature QVC Designer Charms for Charity to benefit Fashion Targets Breast Cancer (FTBC). A joint initiative with the Council of Fashion Designers of America (CFDA), the Designer Charms for Charity collection will include charms by some of the industry's top fashion and jewelry designers, including CFDA members Robert Lee Morris, Anthony Nak, Bradley Bayou, George Simonton and Marc Bouwer - plus a 15th Anniversary FTBC charm.

    Throughout the week, QVC will also feature special interviews with some of the industry's most notable designers, style tips from QVC's fashion experts and behind-the-scenes looks at what it takes to produce each of the Fashion Week shows. QVC's original Mercedes-Benz Fashion Week content will be featured both on-air and online at QVC.com.

    For additional information on LIVE FROM MERCEDES-BENZ FASHION WEEK, visit QVC.com.

    ABOUT QVC

    QVC, Inc., a wholly owned subsidiary of Liberty Media Corporation attributed to the Liberty Interactive Group , is one of the largest multimedia retailers in the world. QVC is committed to providing its customers with thousands of the most innovative and contemporary beauty, fashion, jewelry and home products. Its programming is distributed to more than 167 million homes worldwide. The company's Web site, QVC.com, is ranked among the top general merchant Internet sites. With subsidiaries in the United Kingdom, Germany and Japan, West Chester, Pa.-based QVC has shipped more than a billion packages in its 23-year history. QVC, Q, and the Q Ribbon Logo are registered service marks of ER Marks, Inc.

    Photo: http://www.newscom.com/cgi-bin/prnh/20070923/NESU001LOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com/ QVC, Inc.

    CONTACT: Tara Hunter, +1-484-701-8163, Tara.Hunter@QVC.com, or Erin
    Mulholland, +1-484-701-2179, Erin.Mulholland@QVC.com, both of QVC, Inc.

    Web Site: http://www.qvc.com/




    IBM and Michigan State University Open Delivery CenterIBM Supports Creation of State Technology Corridor

    EAST LANSING, Mich. and ARMONK, N.Y., Sept. 8 /PRNewswire-FirstCall/ -- Today IBM , in conjunction with the State of Michigan and Michigan State University (MSU), hosted the ceremonial grand opening of its newest delivery center for application services located in East Lansing.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO )

    Officials from IBM joined Michigan Governor Jennifer M. Granholm and Michigan State University President Lou Anna K. Simon for the ceremonial ribbon-cutting. Also at the event were clients, public officials, center employees, Michigan State students and members of the faculty and administration.

    Founded in collaboration with a public university, the delivery center is the first of its kind in the United States for IBM. The center provides innovative application development and support services to modernize older and less efficient IT systems for state and local government agencies and universities.

    IBM also is doing work for clients in the telecommunications, healthcare and high-tech industries with a focus on modernizing IT applications through process excellence, tooling automation, and asset re-use. In addition, the IBM center houses an IBM legal center of competence. The legal resource center analyzes customer contracts in support of complex services engagements.

    "IBM supports the Governor's vision to create a technology corridor that employs highly-skilled workers to improve the economic base in the state," said Ginni Rometty, Senior Vice President, Sales and Distribution, IBM. "We look forward to continuing to work with the Governor, the State, and MSU on behalf of our clients to foster job growth and bring about economic development here in Michigan."

    At the opening, Governor Granholm said this public/private partnership exemplifies the state's continuing economic diversification efforts. "Michigan and IBM have been partners for a long time and this center is the latest example of IBM's commitment to our state," said Governor Granholm. "High tech is one of our targeted sectors in our continuing efforts to diversify the Michigan economy, and we're especially pleased about harnessing the talent coming out of our great universities. This is a winning combination for everyone involved."

    At the center IBM is collaborating with MSU across several of its academic programs including business, engineering, natural science, and social science. The university is known internationally as a major public university with global reach and extraordinary impact.

    "Michigan State University's focus on research and instructional excellence in the science, technology, engineering and math (STEM) disciplines and the social sciences, combined with our presence around the globe, makes our partnership with IBM a natural fit," said MSU President Lou Anna K. Simon. "We're very proud of the fact that IBM provides valuable information technology services to clients around the country and the world from the East Lansing center."

    Establishment of the center helps centralize application support and increase efficiencies for IBM and its clients. In its network of delivery centers, IBM employs standardized integrated tools, processes and disciplines that are used to deliver superior applications for clients.

    Support from the city of East Lansing, Lansing Economic Area Partnership (Leap), MSU Federal Credit Union (MSUFCU) and the Michigan Economic Development Corporation was a key factor in IBM's decision to locate this project in Michigan.

    About IBM For more information please visit http://www.ibm.com/ Contact: Jan Walbridge IBM Media Relations 203 430 9874 walbridge@us.ibm.com

    Photo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com IBM

    CONTACT: Jan Walbridge, IBM Media Relations, +1-203-430-9874,
    walbridge@us.ibm.com

    Web Site: http://www.ibm.com/




    MotorWeek TV and Cars.com Feature Fuel Economy Face-OffPrius, Insight, Fusion, Jetta TDI, Audi A3 TDI and Smart ForTwo Put to the Test

    OWINGS MILLS, Md., Sept. 8 /PRNewswire/ -- MotorWeek, television's longest running automotive series, and Cars.com, a leading online automotive shopping destination, have teamed up for the Power & Economy Drive to determine which shade of green makes the most sense for consumers. The Power & Economy Drive is featured on MotorWeek episode 2902 which begins airing on PBS Saturday, September 12 (check local listings).

    "We hear a lot about fuel economy these days, but we wanted to know which cars deliver fuel efficiency without compromising power and performance" said John Davis, MotorWeek host and executive producer. "MotorWeek, and members of Cars.com's editorial staff, got behind the wheel of three hybrids, two clean turbocharged diesels and a compact car to find out what's behind the fuel economy numbers."

    MotorWeek and Cars.com took six cars with the highest government fuel economy ratings to the mountains of Western Maryland for a typical weekend family outing. The gas sippers tested were the 2010 Toyota Prius, 2010 Honda Insight, 2010 Ford Fusion Hybrid, 2009 Volkswagen Jetta TDI, 2010 Audi A3 TDI, and the 2009 Smart ForTwo.

    Each car was equipped with a data recorder for monitoring driving and engine performance. The cars were put through the paces, covering 500 miles of extremely challenging terrain over three days, with one car reigning supreme in terms of overall comfort, performance, handling and of course, fuel economy.

    "We found the Prius, in the end, offered a really top-notch interior, a peppy ride and great mileage," said Patrick Olsen, editor-in-chief of Cars.com. "There were several close competitors, but the Prius's new look and frugal ways won us over."

    The full report airs on MotorWeek episode 2902. Here are the results of the MotorWeek and Cars.com Power & Economy Drive by the numbers:

    Car Type Drive mpg EPA mpg --- ---- --------- ------- 1. 2010 Toyota Prius hybrid 49.2 50.0 2. 2010 Honda Insight hybrid 40.5 41.0 3. 2010 Audi A3 TDI diesel 38.2 34.0 4. 2009 Volkswagen Jetta TDI diesel 36.2 34.0 5. 2009 Smart ForTwo gasoline powered 35.3 36.0 6. 2010 Ford Fusion Hybrid hybrid 32.9 39.0 About MotorWeek

    Hosted by nationally recognized car expert John Davis, MotorWeek is television's leading source of auto industry news, new vehicle reviews and driving entertainment. MotorWeek is produced by Maryland Public Television, is nationally sponsored by Cars.com and airs on PBS, SPEED, and V-me. MotorWeek Road Tests can be viewed on Cars.com, YouTube and Facebook.

    About Cars.com

    Cars.com is the leading destination for online car shoppers, offering credible, easy-to-understand information from consumers and experts to help buyers formulate opinions on what to buy, where to buy and how much to pay for a car. With comprehensive pricing information, side-by-side comparison tools, photo galleries, videos, unbiased editorial content and a large selection of new- and used-car inventory, Cars.com puts millions of car buyers in control of their shopping process with the information they need to make confident buying decisions.

    Launched in June 1998, Cars.com is a division of Classified Ventures, LLC, which is owned by leading media companies, including Belo , Gannett Co., Inc. , The McClatchy Company , Tribune Company and The Washington Post Company .

    Cars.com; MotorWeek

    CONTACT: Michelle Parker of MotorWeek, +1-410-581-4076, mparker@mpt.org,
    or Steve Nolan of Cars.com, +1-312-601-5163, snolan@cars.com

    Web Site: http://www.cars.com/




    Valley National Bancorp's Gerald H. Lipkin To Speak At Rodman & Renshaw Annual Global Investment Conference

    WAYNE, N.J., Sept. 8 /PRNewswire-FirstCall/ -- Valley National Bancorp , the holding company for Valley National Bank, announced that Gerald H. Lipkin, Chairman, President and CEO will be a featured speaker at the Rodman & Renshaw Annual Global Investment Conference to be held on September 9, 2009 at the Palace Hotel in New York. Mr. Lipkin's presentation on Valley will begin at 11:15 AM and will be broadcast live at http://www.wsw.com/webcast/rrshq15/vly. The archived webcast will be available for 90 days after the event.

    About Valley

    Valley is a regional bank holding company, headquartered in Wayne, New Jersey, with over $14 billion in assets. Its principal subsidiary, Valley National Bank, currently operates 199 branches in 135 communities serving 14 counties throughout northern and central New Jersey and Manhattan, Brooklyn and Queens. Valley is the largest commercial bank headquartered in New Jersey.

    Valley National Bancorp

    CONTACT: Dianne M. Grenz, First Senior Vice President, Director of
    Marketing, Public & Shareholder Relations, +1-973-305-4005




    Johnson & Johnson to Participate in Morgan Stanley Global Healthcare Unplugged Conference

    NEW BRUNSWICK, N.J., Sept. 8 /PRNewswire-FirstCall/ -- Johnson & Johnson will participate in the Morgan Stanley Global Healthcare Unplugged Conference on Tuesday, September 15th, at the Grand Hyatt in New York. Alex Gorsky, Worldwide Chairman, Surgical Care for Johnson & Johnson, will represent the Company in a session scheduled at 10:55 a.m. (Eastern Time).

    This broadcast will be available to interested investors and parties by accessing the Johnson & Johnson website at http://www.investor.jnj.com/.

    A webcast and podcast replay will be available approximately two hours after the live webcast.

    Johnson & Johnson

    CONTACT: Press, Jeffrey J. Leebaw, +1-732-524-3350, +1-732-642-6608 (M),
    or Bill Price, +1-732-524-6623, +1-732-668-3735 (M), or investors, Louise
    Mehrotra, +1-732-524-6491, or Stan Panasewicz, +1-732-524-2524, all of Johnson
    & Johnson

    Web Site: http://www.jnj.com/




    China Sky One Medical, Inc. Exports Pain Relief Patch to Canada

    HARBIN, China, Sept. 8 /PRNewswire-Asia-FirstCall/ -- China Sky One Medical, Inc. ("China Sky One Medical" or "the Company") , a leading fully integrated pharmaceutical company producing over-the-counter drugs in the People's Republic of China ("PRC"), today announced that the Company has begun to export its Pain Relief patch to Canada. The first order included 40,000 patches, which are now available in some stores and supermarkets in Vancouver.

    "We are excited to have our Pain Relief patches enter the Canadian market and see a lot of opportunity," commented Mr. Yan-qing Liu, Chairman and CEO of China Sky One Medical. "We are now working with sales agent to estimate future sales volumes. Looking forward, we will put more effort into expanding distribution of our products into North American markets as we seek to further increase profitability and shareholder value."

    About China Sky One Medical, Inc.

    China Sky One Medical, Inc., a Nevada corporation, is a holding company. The Company engages in the manufacturing, marketing and distribution of pharmaceutical, medicinal and diagnostic products. Through its wholly-owned subsidiaries, Harbin Tian Di Ren Medical Science and Technology Company ("TDR"), Harbin First Bio- Engineering Company Limited ("First"), Heilongjiang Tianlong Pharmaceutical, Inc. ("Tianlong") and Peng Lai Jin Chuang Pharmaceutical Company ("Jin Chuang") the Company manufactures and distributes over-the-counter pharmaceutical products, which make up its major revenue source. For more information, visit http://www.cski.com.cn/ .

    Safe Harbor Statement

    Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding the progress of market expansion. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

    For more information, please contact: Company Contact: China Sky One Medical, Inc. Mr. Stanley Hao, CFO Tel: +86-0451-5399-4069 Email: stanleyhao@cski.com.cn Investor Relations Contact: CCG Investor Relations Mr. Crocker Coulson, President Tel: +1-646-213-1915 Email: crocker.coulson@ccgir.com Website: http://www.ccgirasia.com/

    China Sky One Medical, Inc.

    CONTACT: China Sky One Medical, Inc. - Mr. Stanley Hao, CFO,
    +86-0451-5399-4069, stanleyhao@cski.com.cn, or Investor Relations Contact -
    CCG Investor Relations, Mr. Crocker Coulson, President, +1-646-213-1915,
    crocker.coulson@ccgir.com




    Alliant Energy Releases Annual Environmental ReportStrategic plan continues to balance efficiency, energy and the environment

    MADISON, Wis., Sept. 8 /PRNewswire-FirstCall/ -- Alliant Energy Corporation has released its annual Environmental Report highlighting the company's environmental performance over the last year, as well as its energy efficiency programs, the status of the company's plans to upgrade its generation fleet and expand its renewable energy portfolio.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20020405/LNTLOGO)

    The report is broken down into four sections emphasizing the company's environmental commitment, its approach to environmental management and oversight, its performance on various environmental-related metrics and it describes the company's future efforts to reduce environmental impacts.

    "We are proud of the work our company has done to preserve the high quality of our Midwestern air, water and land resources," said Bill Harvey, Chairman, President and Chief Executive Officer, Alliant Energy. "While that work is embodied in a larger sense by our strong commitment to renewable energy, it begins on a more local scale through our efforts to make our facilities greener. As we continue to look for greener sources to provide reliable and affordable energy, we are also adding to our already-strong lineup of energy efficiency programs."

    Other key information in the report includes: -- An update on our Clean Air Compliance Program progress, including the installation of emissions controls at Lansing Generating Station in Lansing, IA. -- The expansion of our renewable portfolio. By the end of 2011, IPL and WPL will have invested more than $1 billion in company owned and operated wind energy. -- Laying the foundation for Smart Grid through the continued installation and retrofitting of more than 1.4 million electric and natural gas meters with Advanced Metering Infrastructure (AMI) technology to help educate customers about their energy usage behavior.

    "I am grateful to our dedicated employees whose every day actions demonstrate our commitment to preserve and protect our invaluable natural resources," said Kathy Lipp, Chief Environmental Officer, Alliant Energy.

    You can access an electronic copy of Alliant Energy's annual Environmental Report by visiting alliantenergy.com/environment.

    Alliant Energy is an energy-services provider with subsidiaries serving approximately 1 million electric and over 400,000 natural gas customers. Providing its customers in the Midwest with regulated electric and natural gas service is the company's primary focus. Alliant Energy, headquartered in Madison, Wis., is a Fortune 1000 company traded on the New York Stock Exchange under the symbol LNT. For more information, visit the company's Web site at http://www.alliantenergy.com/.

    ANR-09

    Photo: http://www.newscom.com/cgi-bin/prnh/20020405/LNTLOGO
    http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Alliant Energy Corporation

    CONTACT: Media, Steve Schultz, +1-608-458-3285, or Investors, Susan
    Trapp Gille, +1-608-458-3956, both of Alliant Energy Corporation

    Web Site: http://www.alliantenergy.com/




    USA TODAY Wine Club Launched

    MCLEAN, Va., Sept. 8 /PRNewswire/ -- USA TODAY, a leading national media brand, announced today that My Wines Direct has launched the USA TODAY Wine Club as a destination for USA TODAY readers and wine consumers to learn about and purchase wines from around the world. The USA TODAY Wine Club, operated by My Wines Direct, will feature six bottles of wine each quarter for $69.99 plus $11.99 shipping.

    In a unique twist, the USA TODAY Wine Club will feature USA TODAY reader tasting panels throughout the country selecting wines for the club. The quarterly pack features wines sourced by experts and chosen by USA TODAY readers. Each wine is accompanied by tasting notes, interesting facts about the region and varietal plus a unique recipe to create a meal pairing.

    Wine Club members receive a 10% discount on purchases in the Wine Store of the USA TODAY Wine Club. My Wines Direct will operate USATODAYWineClub.com and provide wine-focused content. The site will provide USATODAY.com readers and wine consumers with helpful information they can use to make more informed wine purchasing decisions.

    Available first at the USA TODAY Wine Club for the first 60 days of its inaugural launch is the Double T Chardonnay by Trefethen Family Vineyards an international award-winning Napa Valley wine producer. Consumers can join the USA TODAY Wine Club by going to USATODAYWineClub.com or calling 1-877-WINE-414.

    The USA TODAY Wine Club is operated by My Wines Direct and is not operated or controlled by USA TODAY and USATODAY.com.

    My Wines Direct is a leader in bringing great wine at great values directly to the consumer. For more than five years, they have used a combination of experts and consumers to screen and select wines, providing wine lovers and gift givers a fully approved winning selection of wines, largely under $15. This segment of the business is growing at double digit rates, with the consumer spending less, staying home more and appreciating a greater variety and value of wines.

    USA TODAY was founded in 1982 with a mission to serve as a forum for better understanding and unity to help make the USA truly one nation. Through its flagship newspaper and popular Web site, USA TODAY engages the national conversation and connects readers online through social media applications. USA TODAY, the nation's top-selling newspaper with a total average daily circulation of more than 2.1 million, and USATODAY.com, an award-winning newspaper Web site which launched in 1995, reach a combined 5.8 million readers daily. The USA TODAY news and information brand also includes: USA TODAY Education, USA TODAY LIVE, USA TODAY Mobile, and USA TODAY Sports Weekly. USA TODAY is owned by Gannett Co., Inc. .

    USA TODAY

    CONTACT: Heidi Zimmerman, Director/Communications, +1-703-854-5304,
    hzimmerman@usatoday.com, or Alexandra Nicholson, Manager/Communications of USA
    TODAY, +1-703-854-5872, anicholson@usatoday.com, both of USA TODAY

    Web Site: http://www.usatoday.com/
    http://www.usatodaywineclub.com/

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